Unilever to Cut 7,500 Jobs and Spin Off Ice Cream Business in Major Restructuring

The consumer goods giant aims to boost growth and profitability by streamlining operations and focusing on core brands.

Unilever announces plans to cut 7,500 jobs and spin off its ice cream business, including Ben & Jerry's, as part of a major restructuring aimed at boosting growth and profitability.
The restructuring, expected to save around €800 million ($868 million) over the next three years, will involve spinning off the ice cream unit into a standalone business.
The move comes amid pressure from activist investor Nelson Peltz and others to streamline operations and focus on Unilever's core brands.
Ice cream brands, including Magnum, Cornetto, and Wall's, will be separated from Unilever, with the separation expected to be completed by the end of 2025.
The job cuts, representing nearly 6% of Unilever's global workforce, are predominantly office-based roles as part of the company's productivity program.