Heineken will cut 5,000 to 6,000 jobs over the next two years to further reduce costs, the Dutch beer brewer announced with its annual figures on Wednesday. Last year, Heineken generated revenues of nearly €34.3 billion, achieving a net profit of €1.9 billion.According to Heineken, the global workforce cuts will lead to annual cost savings of up to €500 million. The company currently employs over 87,000 people.
They still made a $1.9B profit. That’s $23k for all 81,000 employees. Even if profit went to zero in future years, they have enough revenue to pay employees plus a bonus each year from the profit of just this year.
What is your reasoning for thinking the company might shut down if it kept 6,000 jobs on staff? If those 6,000 people make an average of $100k, then this profit only drops down to $1.3B.