The Downward Spiral: Kraft Foods to Lay Off 1,600 Kraft Foods has announced it will lay off 1,600 North American workers as it readies to split the company in two. Nearly 40% of cuts to headcount will come from the U.S. salesforce and corporate arm over the next 12 months. That's an awful lot of jobs cuts. So how do you think they'll corporate FlackSpeak their way out of this one? "When we announced our decision to create two world-class companies last August, we said both would be leaner, more competitive organizations," CEO Irene Rosenfeld said. "For the past year, the North American team has been working to streamline operations to deliver sustainable top-tier performance and continue to invest in our iconic brands. We're confident that this transformational work will improve effectiveness and fuel the future growth of both companies." Question: How do you tell when a CEO is lying? Answer: when you see her lips move.