Location: Minneapolis, Minnesota, USA.
Department affected: Innovation Unit.
Based on news reporting.
General Mills, Inc. has announced the closure of its innovation unit, resulting in the layoff of approximately 200 employees. This decision is part of a broader strategy to streamline operations and focus on core business areas. The layoffs are effective immediately as the company shifts its investment strategy, pausing venture investments to better allocate resources. The closure of the innovation unit reflects the company's response to changing market dynamics and aims to enhance overall efficiency. The layoffs are expected to impact the Minneapolis location where the unit was based.
General Mills, Inc. cut 200 jobs affecting its Innovation Unit team as of October 1, 2023.
That is roughly 0.6% of the 34,000 people General Mills, Inc. employs.
LayoffTalk has tracked 7 layoff events at General Mills, Inc. since October 2023, affecting a combined 1,063 employees.
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