Newell Brands to Cut 10% of Employees in Cost-Savings Push

Core Insights - Newell Brands will lay off approximately 10% of its professional and clerical workforce, equating to over 900 employees, as part of its ongoing cost-savings initiative [1] Company Actions - The layoffs are a strategic move to enhance cost efficiency within the organization [1] - This decision reflects the company's commitment to streamline operations and reduce expenses [1] Employment Impact - The reduction in workforce will significantly impact the company's professional and clerical staff, indicating a substantial restructuring effort [1] - The layoffs represent a notable percentage of the total employee base, highlighting the scale of the company's cost-cutting measures [1]