Thread regarding Kellogg layoffs

Layoffs at Kellogg?

There's been barely any info on layoffs recently - does that mean we are safe?

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Post ID: @OP+177s1uv2

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It’s time to hire a broker for in store coverage. The Kellogg’s sales force does not help sales. Overhead way to much for return!

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Post ID: @1Lygt+177s1uv2

The potential impact will come end Q1 to Q2 when we have to lap the performance of last year growth from the pandemic. You have seen our share numbers, we continue to lose in most categories, and now are spending on marketing to lift us out of it, with little impact. Not a good mix long term.

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Post ID: @1Fgvb+177s1uv2

Actually, the EOY isn’t risky from a layoff perspective as HQ incurs all the cost of layoff with no benefit in the current year. You’d be more likely to see something in Q1-Q3 (calendar) so there is tangible benefit to current year. But, with the increases in food consumption from COVID, I doubt you’ll see any layoffs at all in 2021.

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Post ID: @1rfwb+177s1uv2

The reason we ask this is because it's always coming, just a matter of time when. From a corporate perspective, the end of the year is risky because overhead is the easiest and quickest way to hit profit targets before the year ends. Not much we can do from a production/sales perspective with no time left, so OH gets hit the hardest. That said, with the profit numbers we've already managed, it's likely we are good for at least the near term, but we've been burned before so who knows.

Stay safe everyone!

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Post ID: @1lhea+177s1uv2

Why would a lay-off be coming? Kellogg needs every able bodied employee to deliver the business in the near and mid term.

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Post ID: @xcrc+177s1uv2

Or is it simply calm before the storm?

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Post ID: @tpp+177s1uv2

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