--- title: "Newell Brands To Reduce Global Workforce" type: "News" locale: "en" url: "https://longbridge.com/en/news/268096916.md" description: "Newell Brands announced a reduction of its global workforce by over 900 employees, about 10% of its professional and clerical staff, with minimal impact on manufacturing or supply chain operations. The company will close around 20 Yankee Candle stores in the US and Canada by January 2026. This restructuring is expected to incur charges of $75-$90 million but aims to save $110-$130 million annually. Newell Brands affirmed its fourth-quarter financial guidance but expects sales to be at the lower end of its forecast." datetime: "2025-12-01T13:26:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/268096916.md) - [en](https://longbridge.com/en/news/268096916.md) - [zh-HK](https://longbridge.com/zh-HK/news/268096916.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/268096916.md) | [繁體中文](https://longbridge.com/zh-HK/news/268096916.md) # Newell Brands To Reduce Global Workforce Add as your preferred news source on Google Add Now Newell Brands (NWL) announced the company will reduce global workforce by over 900 employees or approximately 10% of professional and clerical employees, with limited impact on manufacturing or supply chain operations. Newell Brands will close approximately 20 Yankee Candle stores in the United States and Canada which, collectively, represent roughly 1% of brand sales, with closures expected to take effect in January 2026. The company expects to record pre-tax restructuring and related charges of approximately $75 million to $90 million, primarily for severance and related costs, with most of the charges to be recognized by the end of 2026. Once fully implemented, the productivity plan is expected to generate annualized pre-tax cost savings of approximately $110 million to $130 million. The company affirmed its guidance for fourth quarter normalized operating margin, normalized earnings per share and operating cash flow. The company now expects that fourth quarter net and core sales results will be towards the lower end of its previously communicated guidance range. For comments and feedback contact: editorial@rttnews.com Business News ### Related Stocks - [Newell Brands Inc. (NWL.US)](https://longbridge.com/en/quote/NWL.US.md) ## Related News & Research - [Newell Brands Q4 revenue beats expectations](https://longbridge.com/en/news/275115336.md) - [Newell Brands to cut prices at Rubbermaid, Graco as consumers turn frugal](https://longbridge.com/en/news/275122474.md) - [Green Thumb Shifts to Fixed Annual Brand License Fees](https://longbridge.com/en/news/281371950.md) - [L'OCCITANE Group celebrates 50 years of L'Occitane en Provence](https://longbridge.com/en/news/281329933.md) - [Newell Brands Q4 Earnings Report: What Investors Need to Know](https://longbridge.com/en/news/275115078.md)