Warren Buffett

Kraft Heinz to cut about 200 jobs, including some in Chicago

Kraft Heinz to cut about 200 jobs, including some in Chicago

Kraft Heinz confirmed Thursday that it's cutting about 200 salaried jobs in the U.S. and Canada, including some in Chicago.

Spokesman Michael Mullen said in an email that all affected employees were notified Thursday and that most would be gone from the company next week. He wouldn't say exactly how many Chicago jobs would be cut.

It's yet another round of mass layoffs for Kraft Heinz, the food conglomerate backed by Warren Buffett's Berkshire Hathaway and Brazilian private equity firm 3G Capital. Considered the industry leader in cost cutting, Kraft Heinz has been rumored to be on the prowl for a major acquisition in recent months. Last month, Unilever, maker of Hellmann's...

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