Kraft Heinz planned to cut around 400 jobs as of March 31, according to its August 13 regulatory filing with the Securities and Exchange Commission
The job cuts are a part of the food behemoth’s restructuring program that's focused on headcount reduction and factory closures and consolidations. As of first quarter 2019, the company has already slashed 100 of the positions.
The restructuring programs resulted in expenses of $27 million for the three months ending March 30, 2019.
Kraft Heinz employed 38,000 people at the end of 2018.
The company’s second-quarter earnings report mentioned $1 billion in impairments resulting from an investigation into its accounting practices. That was followed by the company restating its financial results for 2016 and 2017.
In February, the company wrote down the value of its brands by $15.4 billion.