A shakeup may be in the works at Unilever as activist investor Nelson Peltz has taken aim at the U.K. consumer goods company’s headcount only a week after announcing he would join the board. The activist firm Trian Partners owns 1.5% of Unilever.

Peltz, who is known for pushing underperforming companies to restructure, told the Sunday Times that “at Trian we believe just about everybody should be in somebody’s P&L [profit & loss],” adding that a “huge amount of people in corporate is an L.”

Unilever has been facing pressure for years to improve performance as some of its shareholders believe the company was too focused on ESG issues and not enough on profit.

Earlier this year in January, GlaxoSmithKline rejected a 50 billion pound ($68.5 billion) bid for its consumer healthcare division from Unilever, further adding pressure on the consumer goods giant’s top echelon. Days after that upset, Unilever announced plans to cut 1,500 management jobs around the world and simplify its business structure.

Peltz has experience in pushing for changes at consumer-oriented firms, previously helping Procter & Gamble reorganize and boost earnings during roughly four years of involvement.

Shares in Unilever were slightly up at 3,713.50 pence each at 10 a.m. Monday in London.