Molson Coors Beverage Company announced Monday that it plans to eliminate about 400 jobs by the end of the year, as part of a sweeping corporate restructuring plan.

The cuts – which represent roughly 9% of the company’s salaried workforce in the Americas – come as alcohol companies across the U.S. face uncertainty amid slower consumer spending and tariff-driven volatilities.

"We’ve made progress on our transformation journey, but given the environment, we must transform even faster," Rahul Goyal, who became Molson Coors' new CEO earlier this month, said in a statement. "To win with our customers and consumers and return to growth, we must move with urgency and make bolder decisions."

Goyal added, "We are moving quickly and intentionally on a long-term, achievable strategy that cont

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