Major change and budget cuts ahead - Systems Analyst Conagra Brands Employee Review

Sean Connolly just announced the sale of our private brands business and we are losing a lot of good CAG employees with the sale. Sean is also in the process of making huge changes to ConAgra Foods in order to better compete with the 3G Capital-owned Heinz and Kraft. He has said we are adopting the 3G Capital model of reducing SG&A costs. We are now adopting a zero-based budgeting strategy that will force us to cut all costs but those which are very necessary for our business. Rumors of impending mass layoffs are spreading and this week several of our executive vice presidents were either terminated or voluntarily left the company. Sean keeps talking about outsourcing and reducing management to cut costs as well. Morale within the organization has definitely been hit hard. I'm starting to look at other opportunities because the outlook at ConAgra seems poor.