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

Newell Brands NWL 4.29%increase; green up pointing triangle will lay off about 10% of its professional and clerical employees, or over 900 workers, as part of its ongoing cost-savings plan.

The maker of Yankee Candle and Sharpie on Monday said the cuts will have a limited effect on its manufacturing and supply chain operations. Layoffs in the U.S. are expected to largely occur this month, with international layoffs continuing into next year.