Food giant Kraft Heinz is closing seven factories and cutting 2,600 jobs in North America in an effort to reduce costs.
Wednesday's cuts will account for almost 6% of its workforce and will take place over the next two years.
05:02 Ringling Bros. and Barnum & Bailey Circus to close after 146 years14
14:53 Netflix fueled by original programming, even as its costs hold earnings back, analysts say14
10:05 Why you'll now pay 25% more for apps on your iPhone19
16:16 Luxottica, Essilor $24 billion merger creates eyewear giant18