08:16 AM EDT, 07/22/2026 (MT Newswires) -- Diageo (DGE.L) Chief Executive's restructuring drive could result in some teams reducing headcount by 20% to 30%, Reuters reported Wednesday, citing two unnamed sources. Dave Lewis has directed executives to cut overhead costs to revive the alcoholic beverage company's performance. While the initiative is still underway, some workers have already been laid off, the report noted. Diageo did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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