Vending

General Mills to lay off employees due to post pandemic shopping habits

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June 4, 2021

General Mills Inc. will be laying off staff in response to post-pandemic changes in the ways people buy food, according to a Star Tribune report. The company would not say how many positions will be cut.

The company is looking to lower costs in anticipation of consumers changing their preference for eating at home as the pandemic ebbs.

General Mills, which advised investors about the restructuring last month, said the layoffs are expected to cost $170 million to $220 million, mostly for severance payouts.

For an update on how the coronavirus pandemic has affected convenience services, click here.