Diageo (DEO) Slashes Jobs in Cost-Cutting Blitz Under “Drastic Dave”

What this means for your job search: Prepare for increased scrutiny on the business impact of your tech skills, as companies prioritize efficiency and cost savings. Emphasize how your work directly contributes to revenue generation or significant cost reduction. In its Annual Report 2026 released on August 18, Diageo plc (NYSE:DEO) revealed that it had an average of 27,938 full-time employees by the end of June, indicating a decline of more than 6% from the 29,860 workers a year ago. The cuts are part of the company’s new CEO Dave ​Lewis’ broader restructuring efforts, [...]