Core Insights - Newell Brands, the parent company of Yankee Candle, is laying off over 900 employees globally, which constitutes about 10% of its professional and clerical workforce [1][2] - The layoffs in the U.S. will primarily occur this month, while international layoffs will extend through 2026, depending on local laws [2] - Approximately 20 Yankee Candle stores in the U.S. and Canada will close by January 2026, representing about 1% of the brand's sales [3][4] Financial Impact - The layoffs and store closures are expected to save Newell Brands between $110 million to $130 million in annual pretax costs [4] - Newell Brands' stock has seen a significant decline, down over 62% year to date as of the latest market close [6] Strategic Focus - The company's president and CEO, Chris Peterson, emphasized the need for a productivity plan aimed at enhancing efficiency and strategic focus to improve performance [5]