Newell Brands announced layoffs of approximately 900 employees (about 10% of professional and clerical staff) as part of a global productivity plan. The company, which owns Sharpie, Yankee Candle, Rubbermaid, and other consumer brands, is also closing approximately 20 Yankee Candle stores. U.S. layoffs are set to begin in December, with international cuts continuing through 2026. The restructuring is expected to generate annual cost savings of $110-130 million