On Wednesday, Tyson Foods' Chief Executive Donnie King informed employees that approximately 10% of corporate jobs and 15% of senior leadership positions would be eliminated.

According to a report by Reuters, the recent layoffs are part of the biggest US meat company's cost-cutting measures, aimed at addressing declining profits and improving the performance of its renowned chicken business.

In a memo obtained by Reuters, King stated that talks with the employees most impacted by the job cuts are scheduled for this week. “We will drive efficiency by focusing on fewer initiatives with greater intensity and removing duplication of work,” King said.

Regulatory filings indicate that as of October 1, Tyson had roughly 6,000 employees working in corporate offices in the US, and 118,000 workers at non-corporate locations, including meat plants and warehouses.

According to a spokesperson for the company, the senior leadership positions that will be eliminated mostly consist of vice presidents and senior vice presidents.

Tyson had previously announced the relocation of all corporate jobs to its headquarters in Springdale, Arkansas, leading some employees to depart from the company. 

However, the upcoming 10% reduction in corporate roles is unrelated to the relocation, as confirmed by a spokesperson for Tyson. Along with the job cuts, Tyson has also made changes to its senior executive ranks.

In August, Tyson Foods terminated the employment of Chris Langholz, who served as the President of its international business. The following month, Noelle O'Mara, who was leading the company's prepared foods division, also left her position. In the meantime, John R. Tyson, the great-grandson of the company's founder, was appointed as the finance chief.

In November, John R. Tyson was taken into custody for criminal trespassing and public intoxication. However, a spokesperson confirmed that the position of finance chief will not be affected by the upcoming job cuts.

Tyson Foods replaced the president of its poultry business in January following inaccurate projections regarding the demand for chicken.

For a considerable period of time, Tyson Foods has encountered difficulties in enhancing the performance of its chicken division. In March, the company announced its plan to shut down two processing plants in the US, which currently employs approximately 1,700 workers.

In the quarter ending on December 31, the adjusted earnings per share stood at 85 cents, which represents a 70% decrease from the same period of the previous year. Tyson Foods is scheduled to release its next quarterly earnings report on May 8.