Diageo unveiled a sweeping three-year restructuring plan Thursday aimed at cutting approximately $1 billion in costs as the global drinks giant looks to improve profitability and reignite growth, particularly in North America. According to Scotland’s The Press & Journal, the plan could eliminate dozens of jobs at several Scotch whisky distilleries. Diageo said it expects broadly flat organic net sales growth for fiscal 2027, with North America remaining its biggest challenge. Over the medium term, Diageo expects low-single-digit annual organic net sales growth between fiscal 2027 and 2029, with mid-single-digit operating profit growth and approximately $8 billion in cumulative free cash flow over the three-year period. The restructuring comes as Diageo faces slowing demand across parts of the beverage alcohol industry, particularly in North America, where consumer spending has softened.