[RightWingNews] Kellogg’s has been having a rough year and they have brought it on themselves. First they attacked Breitbart, then they started backing Soros-funded leftist causes such as Black Lives Matter. Turns out the boycott that brought on has been hurting them big time. The kindest thing you can say about their sales numbers is that they are stagnant. In reality, they are losing money. Now, Kellogg’s CEO John Bryant has stepped down over all this. Kellogg’s is now searching outside the company for a replacement. That’s a bad sign... normally you would think they would promote from within.
Bryant is 53 and has been with Kellogg’s in that position for quite a while ‐ he’s been with the company itself for 20 years. But the company has suffered through seven years of falling revenue, a contracting work force, major reorganization and a shift in customer tastes, the Detroit Free Press reported. Beginning in January, they launched a campaign called "Special K." It was intended to reorganize their distribution system and would eliminate over one thousand jobs across the US. It also impacted thousands of contractors. I guess it wasn’t enough to stop the fiscal bleeding.
States that got hit hardest with the reorganization were Michigan, North Carolina (where 500 were let go), New York (Which lost 300), Minnesota (who lost 219) and Pennsylvania (who cut 500 jobs). Even with all of this on display, the company claims that Bryant resigned for personal reasons. Right. "It has been my pleasure to serve as the CEO of Kellogg Company over the past seven years," Bryant said in a statement. "I am even more confident in the future of our company today than at any other time in my 20 years with Kellogg." And that’s why you are leaving... it’s not true. |