In response to rising inflation, Newell Brands (NWL) has come up with a restructuring and savings initiative, Project Phoenix, to reduce costs and optimize the organization.
Yahoo Finance Live anchors discuss reports that Newell Brands will cut 13% of its workforce amid restructuring plans.
ATLANTA, January 23, 2023--Newell Brands (NASDAQ: NWL) today announced a restructuring and savings initiative, Project Phoenix, that aims to strengthen the company by leveraging its scale to further reduce complexity, streamlining its operating model and driving operational efficiencies.