JULY 26, 2025 — 4% UPCOMING REDUCTION IN FORCE
The company announced in its quarterly earnings report that it intends to reduce its global workforce by 4%. The decision appears to be driven by activist investment partnership Jana Partners, which aims to shake up the struggling Idaho company.
“Cost Savings Program. The Focus to Win strategic plan includes a Cost Savings Program, which is expected to deliver at least $250 million of annualized run rate savings by the end of fiscal year 2028. Approximately $200 million of these annualized cost savings are expected by fiscal year end 2027, with approximately 75 percent of the anticipated savings benefiting gross profit and 25 percent benefiting SG&A. These cost savings include headcount reductions of approximately 4 percent of the Company's global workforce, which also reflects the elimination of certain unfilled positions.”
OCTOBER 15, 2024 — Original post…
Eagle, Idaho-based Lamb Weston Holdings, a food producer and processor of frozen french fries, waffle fries, and other frozen potato products, has announced plans to close an older, higher-cost potato processing facility in Connell, Washington, and restructure to meet the demands of a reduced business climate.
The overall impact is a 4% reduction in force that will impact 428 employees, including 379 employees located at the soon-to-be potato processing plant in Connell, Washington,
According to President and CEO Tom Werner, “To drive operational and cost efficiencies, we are taking actions that include the permanent closure of an older, higher-cost processing facility and the temporary curtailment of certain production lines and schedules in our manufacturing network. We are also taking actions to reduce operating expenses, including reducing headcount and eliminating certain unfilled job positions, as well as reducing capital expenditures.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?
