Sharpie maker Newell Brands to ax 900 jobs, close Yankee Candle stores
Newell Brands will cut 900 jobs, or 3.8% of its global workforce, and take up to $90 million in restructuring charges, the Sharpie maker said Monday.The company will also close about 20 Yankee Candle stores in the US and Canada, collectively representing roughly 1% of brand sales of the scented candles, by January next year.Consumer goods companies such as Newell have struggled with tariff-related costs as well as weak consumer demand due to inflation and economic uncertainties. 3 The company will also cl ...