KHC · 10-Q · 2026Q2 · Full report

Headcount and Restructuring

Kraft Heinz Co · 2026-08-05 · Importance 37 · Surprise 42

Kraft Heinz is executing global restructuring programs focused primarily on streamlining its organizational design. The Company eliminated approximately [amount not provided] positions during the six months ended June 27, 2026 and expects to eliminate approximately [amount not provided] additional positions during the remainder of 2026, primarily outside North America. Most severance and employee-benefit liabilities outstanding at June 27, 2026 are expected to be paid by the end of 2026, while other exit-cost obligations primarily relate to leases expiring through 2030. The restructuring supports the Company’s broader effort to simplify operations and improve efficiency.

Key facts

• The company's net liability balance for restructuring project costs includes severance and employee benefit costs and other exit costs related primarily to lease obligations, with cash impact continuing for the duration of lease terms which expire in 2030. source
• Gross expenses included in restructuring activities were expenses of $9 million ($7 million after-tax) for the three months and income of $14 million ($11 million after-tax) for the six months ended June 27, 2026. source
• For the three months ended June 27, 2026, restructuring activities resulted in a net expense of $ million (amounts redacted) which included a net expense of $ million of asset-related costs and a net expense of $ million of other restructuring costs (redacted amounts present in source). source
• For the six months ended June 27, 2026, restructuring activities resulted in a net benefit of $ million (redacted) which included a net benefit of $ million of other restructuring costs, a net expense of $ million of asset-related costs, and a net expense of $ million of severance and employee benefit costs (redacted amounts present in source). source
• Outstanding stock options at December 27, 2025: 5,520,483 with weighted average exercise price $42.37 source
• Granted stock options during the period: 1,015,873 with weighted average exercise price $24.61 source
• Forfeited stock options during the period: (475,260) with weighted average exercise price $54.97 source
• Outstanding stock options at June 27, 2026: 6,061,096 with weighted average exercise price $38.41 source