Markets

British American Tobacco Cuts 9,000 Jobs: What the Restructuring Means for BAT Stock

British American Tobacco is axing 9,000 positions in one of its most aggressive restructuring drives in decades, signalling a pivotal shift in strategy as the global tobacco giant races to protect margins in a shrinking cigarette market. The move has immediate implications for BAT's share price, dividend sustainability, and how the broader consumer staples sector is pricing in structural decline.