Moët Hennessy reduce workforce
With a current headcount of 9,400, they are looking to cut that back to roughly around 8,200 due to low sales as the US tariffs provide additional uncertainty
Print13 May 2025
Company executives recently informed staff members of Moët Hennessy that 1,200 jobs will be cut within the workforce, with little hope of sales “bouncing back” soon.
Jean-Jacques Guiony, chief executive, Moët Hennesey, and his deputy, Alexandre Arnault, recently warned the workforce they wanted to make cutbacks to a similar size of that seen in 2019.
With a current headcount of 9,400, they are looking to cut that back to roughly around 8,200 due to low sales as the US tariffs provide additional uncertainty.
Internal video
The Financial Times reportedly seen an internal video for its staff members.
In the video, Guiony said: “This was an organisation that was built for a much larger size of business.
“People realise that this [rebuilding sales] is not going to happen anytime soon.”
A timeframe for the job cuts have not been announced although Guiony and Arnault believe it can be done through moving staff into vacancies of other areas.
Moët Hennessy’s organic sales fell 9% in the first quarter, compared to a 3% drop across LVMH as a whole.
Arnault said: “Usually at LVMH when wines and spirits are not going well, fashion is doing well or some is performing differently.
“Right now things are not going extremely well.”
Documents seen by The Financial Times reportedly showed that reductions were on the agenda prior to Guiony and Arnault’s arrival in February.
Read more: 70% of Irish workforce considering job change amid economic challenges
© 2025, ShelfLife by Ryan Brennan
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