Good to know that good results lead to layoffs... I wonder what would have happen if results were just mediocre...
The layoffs come at the end of a strong year for RXBar and just as the company saw distribution growth...
https://www.bakeryandsnacks.com/Article/2018/12/18/Kellogg-s-RXBar-chops-20-of-its-workforce
Not a surprise,they would praise snack division,we got kellogg so much more shelf space ,sales were so great,we love our employees as part of the kellogg family.I have refused to purchase kellogg product since 2017
40 people were unfortunately let go from the corporate office while over 90 were added as sales reps.
Imagine that they figure they can use their existing facilities and economies of scale to produce RxBars a lot more cheaply than the acquired workforce. They only wanted the IP.