Layoffs Likely at General Mills

(Learfield News/Golden Valley, MN) — General Mills, based in Golden Valley, is anticipated to implement widespread layoffs as part of a $130 million “transformation” initiative.

The company filed a report with the Securities and Exchange Commission this week, stating that it has approved a multi-year global transformation plan.

The initiative is expected to cost the company $130 million by 2028, with $70 million allocated for the current quarter.

General Mills is currently the 37th largest employer in the state, with more than 3,000 employees.