Rumors circulated that Kraft Heinz would cut jobs after the two companies merged last month and Wednesday those rumors were found to be true when the company announced a large number of layoffs.
WLKY noted that the company is laying off 2,500 workers, which is equivalent to 5 percent of its total workforce.
Michael Mullen, a spokesman for Kraft Heinz, said that the layoffs were being done to "ensure we are operating as efficiently and effectively as possible" and that it was a "very difficult, but necessary, decision."
The cuts include getting rid of several hundred employees at Kraft headquarters in Illinois. That headquarters is planning on moving to a smaller location in Chicago while the Heinz side will likely continue to operate out of Pittsburgh.
According to its website, Kraft Heinz is now the third-largest food and beverage company in North America and the fifth-largest in the world. Both companies rake in more than $1 billion in sales every year.
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