Wed Sep 25 09:16:39 UTC 2024: ## Hershey Cuts Jobs, Adds New Roles in Tech and Data Science

**Hershey, the iconic chocolate and snack company, has confirmed the layoff of approximately 200 employees, roughly 1% of its workforce, as part of its restructuring plan announced in February.** The move is aimed at driving productivity and generating $300 million in savings by 2026 through automation and improved supply chain operations.

While the job cuts have been met with concern, Hershey has also added dozens of new positions in the fields of technology and data science. This reflects the company’s strategy to invest in digital capabilities and become a “leading snacking powerhouse.”

**The company’s statement regarding the changes emphasizes its commitment to transformation and evolving its capabilities, systems, and ways of working.** This strategic shift comes amidst challenging economic conditions, with consumers tightening their belts on discretionary spending. Hershey’s recent quarterly results reflect this trend, with net sales dropping 16.7% year-on-year.

Despite the overall decline, Hershey’s North American salty snacks business demonstrated resilience, with sales rising 6.4% due to a 9% increase in volume. This suggests the company is focusing on expanding its non-chocolate offerings.

**The job cuts and new hires highlight Hershey’s ongoing efforts to adapt to changing market dynamics and position itself for long-term success in the competitive snacking industry.**

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