Archive · 23 Jul 2025
Lamb Weston and EnerSys Announce Layoffs as Cost-Saving Strategy
Two big companies are cutting jobs to save money.
Lamb Weston, a French fry maker, will let go of about 4% of its workers worldwide, hoping to save $250 million each year by 2028.
EnerSys, which works with energy, is also cutting about 575 jobs, mostly in management, aiming to save $80 million annually by 2026.
Lamb Weston expects to sell between $6.35 and $6.55 billion in 2026.
EnerSys's layoffs are planned to be mostly done by the end of their second quarter.
Lamb Weston will cut approximately 4% of its global workforce to save $250 million annually by fiscal 2028.
EnerSys will lay off about 575 employees, representing 11% of its non-production workforce.
EnerSys layoffs aim for $80 million in annual savings starting in fiscal year 2026.
Lamb Weston's fiscal year 2026 net sales are projected to be between $6.35 billion and $6.55 billion.
EnerSys expects to complete most layoffs by the end of its second fiscal quarter.
- Who
- Lamb Weston and EnerSys are the companies involved.
- What
- Lamb Weston and EnerSys are implementing layoffs.
- When
- Lamb Weston's cost-cutting program aims for savings by fiscal 2028, while EnerSys's savings begin in fiscal year 2026. The layoffs are planned to be mostly completed by the end of EnerSys's second fiscal quarter.
- Where
- Globally, as both companies have a global workforce.
- Why
- Cost-saving measures.
Company perspective
Economic impact
Business Strategy
Company perspective
Layoffs are part of a strategic restructuring effort to streamline operations and enhance profitability.
Economic impact
The job cuts reflect poor financial planning and management decisions.
- Lamb Weston Workforce Reduction
- 4%
- Lamb Weston Savings Goal
- $250 million annually by fiscal 2028
- EnerSys Layoffs
- 575 employees
- EnerSys Savings Goal
- $80 million annually by fiscal 2026
- EnerSys Workforce
- 10,858 employees (as of March 31, 2025)
- EnerSys Restructuring Charges
- $15 million - $20 million (2nd and 3rd quarters of fiscal 2026)