Perrigo to Cut Workforce by About 7%

Dow Jones

02/26

By Colin Kellaher

Perrigo plans to cut its workforce by about 7% as part of a two-year program aimed at generating annualized pretax savings of $80 million to $100 million.

Perrigo on Thursday said the program will also target operational cost reductions, mainly in its supply-chain and distribution network.

The Dublin-based maker of consumer-health products has nearly 8,400 employees, according to data from FactSet.

Perrigo said it expects in incur cash costs of $80 million to $90 million as part of the program, adding that it expects gross pretax annualized run-rate cost savings of $80 million to $100 million by the end of fiscal 2027, with the majority achieved in fiscal 2026.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

February 26, 2026 08:06 ET (13:06 GMT)

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