Simply Good Foods Cuts 15% of Workforce in Restructuring Effort
Simply Good Foods, owner of Quest protein bars and Atkins weight-loss shakes, announced a 15% workforce reduction and leadership changes as part of a restructuring effort to address declining sales and improve profitability. The company expects annual savings of $17 million from the cuts and has lowered its sales outlook for the year, anticipating up to a 10% decline.
Topics: Corporate Leadership Changes Layoffs Market Competition Profitability Challenges Restructuring