--- title: "Key facts: Diageo (DGE) cuts jobs; rejects Kenya reserve; CEO £1.4m" type: "News" locale: "en" url: "https://longbridge.com/en/news/296316441.md" description: "Diageo is implementing a $1B cost-saving plan involving job cuts and brand price adjustments. The company rejected a Kenyan regulator's proposed reserve for its pending $2.3B sale of East African Breweries to Asahi. Additionally, CEO Dave Lewis received £1.4m in pay for the year ended June 30, 2026." datetime: "2026-08-19T07:14:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296316441.md) - [en](https://longbridge.com/en/news/296316441.md) - [zh-HK](https://longbridge.com/zh-HK/news/296316441.md) generator: "portal-rs" --- # Key facts: Diageo (DGE) cuts jobs; rejects Kenya reserve; CEO £1.4m - Diageo (DGE) cuts jobs under a $1B cost‑save plan, trimming global back‑office roles, removing overlaps, lowering some brand prices and expanding focus on Guinness and canned cocktails. Reuters - Diageo (DGE) rejected Kenya regulator’s proposed 15 billion KES reserve for its planned sale of 65% of East African Breweries to Asahi. $2.3B deal pending approvals and court challenges. Reuters - Diageo plc ADR (DGE) reported CEO Dave Lewis’s total pay for year ended June 30, 2026 as £1.4 million in its annual results. Reuters **Disclaimer** This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources. ### Related Stocks - [DEO.US](https://longbridge.com/en/quote/DEO.US.md) - [DGE.UK](https://longbridge.com/en/quote/DGE.UK.md) - [2502.JP](https://longbridge.com/en/quote/2502.JP.md) ## Related News & Research - [Key facts: LSE:DGE; $2.3B Asahi buy; India relabel; R. Alexandra Keith](https://longbridge.com/en/news/296189282.md) - [Weekly Recap: Q1 results and EABL purchase delay](https://longbridge.com/en/news/296151054.md) - [REG - Diageo PLC - Publication of 2026 Annual Report and Form 20-F](https://longbridge.com/en/news/296223610.md) - [Diageo cut headcount by ~2K in 2026 to meet cost-cutting goals](https://longbridge.com/en/news/296256287.md) - [Diageo agrees to reformulate India whisky, rum drinks after flavouring breach, sources say](https://longbridge.com/en/news/296125570.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**