Mondelez Sets Marketing Department Changes Amid Cost-Cutting Push
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Mondelez International is planning organizational changes in its marketing department in North America that may include significant job cuts, a move that comes as the snack maker faces pressure to improve its margins.
The moves, which will go into effect at the beginning of 2016, are focused on improving effectiveness and efficiency, Mondelez confirmed to Ad Age. The company said some details were shared with employees on Thursday, but specific roles have not yet been assigned. The company is based in the Chicago suburb of Deerfield, Illinois, while the North American marketing unit primarily works out of East Hanover, N.J. and Toronto.
The company said it expects “some impact to roles” in its North American marketing team, but would not say how many layoffs could be involved. The company said it aims to have its new organizational structure in place at the beginning of 2016.
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