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Coleman, Marmot Parent Cutting 13 Percent Of Corporate Headcount

January 23, 2023

Newell Brands will lay off 13 percent of its corporate workforce in a major restructuring move. Newell is also consolidating its five operating segments into three operating segments. Jim Pisani continues as CEO of the Outdoor & Recreation segment.

The restructuring and savings initiative, Project Phoenix, aims to strengthen the company by leveraging its scale to further reduce complexity, streamlining its operating model and driving operational efficiencies. SGB Media