Newell Brands Announces Global Productivity Plan Including Workforce Reduction, Yankee Candle Store Closures, and Increased Investment in Innovation and Efficiency Initiatives
Newell Brands Inc. announced a global productivity plan to enhance competitiveness and long-term value. The plan includes reducing its workforce by over 900 employees, closing 20 Yankee Candle stores, and increasing investment in innovation and efficiency. These actions aim to streamline processes, simplify overhead, and redirect resources to higher-value activities, supported by automation and AI. The measures are expected to raise performance standards and support a multi-channel growth strategy.
Newell Brands Inc. has announced a global productivity plan aimed at strengthening competitiveness and enhancing long-term value creation. The company plans to reduce its global workforce by over 900 employees, representing approximately 10% of its professional and clerical staff, with most U.S. separations expected in December 2025 and international actions continuing through 2026. The plan includes streamlining processes, simplifying overhead, and redirecting resources to higher-value activities, enabled in part by increased use of automation, digitization, and artificial intelligence. Additionally, Newell Brands will close around 20 Yankee Candle stores in the U.S. and Canada by January 2026 to better align with current consumer shopping trends and support a multi-channel growth strategy. These measures are intended to raise performance standards, accelerate decision-making, and allow further investment in innovation and brand building. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newell Brands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-303185), on December 01, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
