Molson Coors jobs to go as new CEO eyes “bolder decisions”

Core Viewpoint - Molson Coors Beverage Company is implementing a 9% workforce reduction in its Americas business, equating to approximately 400 roles, as part of a restructuring plan aimed at returning to growth under new CEO Rahul Goyal [1][2]. Restructuring Plan - The company anticipates restructuring charges between $35 million and $50 million, primarily related to cash severance and post-employment benefits, expected mostly in the fourth quarter of 2025 [2]. - Related cash outflows are projected over the next 12 months [3]. Leadership Changes - The restructuring follows a recent executive reshuffle, including the departure of the chief commercial officer, indicating broader changes at the executive level [3]. - Goyal emphasized the need for a realignment of the leadership team and organizational structure to enhance accountability and drive future growth [4]. Strategic Focus - The restructuring aims to enhance the company's ability to reinvest in priority brands and initiatives, with a focus on directing resources closer to customers and end consumers [4][5]. - Molson Coors is concentrating on its beer portfolio while also exploring related areas such as premium mixers, non-alcoholic drinks, and energy drinks [5]. Financial Performance - In August, Molson Coors revised its sales and earnings outlook downward for the second time in the year, with second-quarter results showing declines in net sales, volumes, and operating income, although net income saw a slight increase [6].