Am I Next? Layoffs at Hershey.
MAY 7, 2024 — 500-600 EMPLOYEES TARGETED IN PENNSYLVANIA
The company has announced the continuation of its two-year Next Century restructuring plan to cut costs and improve efficiencies. It is targeting between 500 and 600 employees at its Pennslyvania facility. It is expected that a large portion of any cost savings will come from driving productivity through increased automated processes.
MARCH 11, 2024 — Original post…
Hershey, Pennsylvania-based Hershey, the iconic multinational confectionery company famous for its chocolate bars, has announced its intention to increase automation of its operations and a 5% reduction in its global workforce.
The reduction in force could impact up to 1,000 full-time and part-time employees.
According to a company statement, "We do not expect significant disruption or impact to our employee base with the impact being less than 5% of our workforce. The layoffs are part of a new multi-year productivity initiative to generate long-term savings as the company looks to offset declining sales in the face of rising cocoa, sugar, and labor costs."
“The Company is implementing efforts to increase agility, enhance automation, and support a more efficient operating model to deliver its long-term business and financial goals. Examples of this would be driving greater efficiencies and connectivity through shared services, enabling better forecasting and responding to changes in the marketplace more quickly to better meet consumer needs.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?