Sharpie-Owner Newell to Cut 13 Percent of Office Roles

Newell Brands Inc. said on Monday it will cut about 13 percent of its office positions, in a bid to save costs amid stubbornly high inflation that has pressured consumer spending.
The sharpie maker joins a growing list of companies in corporate America—from Wall Street Banks and tech companies such as Spotify Technology SA to online furniture retailer Wayfair Inc—that have reduced their workforce amid worries of an economic downturn.
Newell said it will begin laying off employees in the first quarter of 2023.
The company said on Monday it expects to realize annualized pre-tax savings of $220 million to $250 million when restructuring changes are fully implemented….

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