https://www.live-feeds.com/feed/campbell-s-cuts-13-of-salaried-workforce-closes-plants-as-part-of-turnaround-effortContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/campbell-s-cuts-13-of-salaried-workforce-closes-plants-as-part-of-turnaround-efforthttps://www.live-feeds.com/feed/campbell-s-cuts-13-of-salaried-workforce-closes-plants-as-part-of-turnaround-effort#u60165Mon, 07 Sep 2026 15:12:28 +0000Campbell's is slashing 13 percent of its salaried workforce and closing two snack plants as part of a drastic turnaround effort. The major restructuring follows disappointing sales and profit declines that caused the company's stock to plunge and its dividend to be slashed. To combat lower sales, the food maker is rolling out price hikes and implementing $500 million in cost cuts, including layoffs that impact Charlotte Lance cracker workers. Amid intense competition and pressured consumer spending, executives have forecasted a weak year ahead.Why it mattersThe food manufacturer face