Diageo is allegedly set to undergo job cuts and reductions across its departments, under the new leadership of CEO Sir Dave Lewis, as part of a business turnaround strategy.

According to a report from The Financial Times, the CEO of Diageo has instructed the executive leadership to meet cost-lowering targets instead of specific roles to eliminate.

He previously worked at Tesco and Unilever where he led multiple cost-cutting programmes during his time at the role.

The report claimed that sources familiar with the matter stated an internal announcement about the number and affected departments within the job cuts would be made next week.

The group recently posted improved results, sales edging up by 0.3 per cent, which beat analysts forecasts.

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However, Lewis had stated at the time that the market conditions were under pressure in North America and it remained the group’s “biggest challenge”.

Earlier this year in February the business slashed its annual sales and profit forecast for the second time in four months due to softening consumer sentiment and ongoing supply constraints.

Moving forward the brand estimated that the full-year organic net sales will decline by two and three per cent.

Diageo has been contacted for a comment.