Exclusive: Unilever imposes global hiring freeze, citing Middle East war effects, memo says

Core Viewpoint - Unilever has implemented a global hiring freeze for at least three months due to the significant challenges posed by the ongoing conflict in the Middle East, particularly the Iran war [1][2][4]. Company Summary - The hiring freeze is effective immediately and applies to all levels within the company, reflecting the impact of the Iran war on global trade and energy costs [2][4]. - Unilever is already undergoing a cost-cutting program initiated in 2024, aiming to save approximately 800 million euros (around $916.72 million) over three years, which is expected to affect about 7,500 jobs globally [5][6]. - The company's current workforce stands at 96,000, a reduction from approximately 149,000 employees in 2020, as it has struggled to grow sales volumes post-COVID-19 pandemic [6]. Industry Context - The conflict in the Middle East has led to the worst disruption of oil and gas supplies in history, causing a rapid increase in energy costs that is affecting various industries, including chemicals and plastics [3]. - Companies across different sectors, from airlines to retail, are taking measures to mitigate the effects of the Iran war on their operations [3].