Campbell's Cuts 13% of Salaried Workforce, Closes Two Plants in $500M Cost Reduction Drive

NewsData.io · United States · Sep 3, 2026

Campbell's Company has reduced its salaried workforce by approximately 13% through a combination of voluntary early-retirement and layoffs, as part of a broader plan to cut $500 million in costs by 2030. The Camden, NJ-based food giant also announced the closure of snack manufacturing plants in Hyannis, Massachusetts and Jeffersonville, Indiana. With more than 13,000 employees across North America, the scale of the cuts signals tightening conditions in the food manufacturing sector. Staffing agencies serving CPG and food production clients in affected regions should anticipate reduced placement demand and potential displaced-worker opportunities.