Beer company Molson Coors announces 400 job cuts amid restructuring

Molson Coors Beverage Company announced Monday that it plans to cut about 400 jobs by the end of the year, as part of a sweeping restructuring plan for the company.

The cuts — representing roughly 9% of the company’s salaried workforce in the Americas — come as alcohol companies across the U.S. face uncertainty amid slowing consumer spending and volatility caused by tariffs.

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“We have made progress on our transformation journey, but given the environment, we must transform faster,” Rahul Goyal, who became Molson Coors’ new CEO earlier this month, said in a statement. “To win with our customers and consumers and return to growth, we must move quickly and make bolder decisions.”

Goyal added, “We are moving quickly and deliberately on a long-term, achievable strategy that continues our journey to become a fully integrated beverage company and which we believe puts us on a path toward sustainable growth. We look forward to sharing more details about this strategy in the coming months.”

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As part of the restructuring, Molson Coors will reinvest in key categories, including its beer portfolio as well as premium mixers, non-alcoholic beverages and energy drinks, according to a press release from the company.

Molson Coors plans to cut about 400 jobs. (Alex Flynn/Bloomberg via Getty Images/Getty Images)

The 400 job cuts include positions that were already vacant after previous “role prioritization efforts,” as well as workers who may accept voluntary severance packages, as noted in the announcement.

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Molson Coors expects to take charges of between $35 million and $50 million in the fourth quarter, primarily related to cash severance payments and post-employment benefits, according to the company.

Rahul Goyal became the new CEO of Molson Coors on October 1, 2025. (Molson Coors Beverage Company)

As of December 2024, Molson Coors employed approximately 16,800 people globally.

“These are never easy decisions, and I am grateful to those who are leaving for their many contributions and to those who will continue to guide us on our journey to growth,” Goyal said.

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