Newell Brands layoffs, on the record
Every job cut, severance charge and restructuring Newell Brands reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 24,600 to approximately 21,900.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 24,600 | December 31, 2023 |
| 10-K for 2024 | approximately 23,700 | At December 31, 2024 |
| 10-K for 2025 | approximately 21,900 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryAnnounced Project Phoenix, a restructuring and savings initiative to simplify the organizational structure, streamline real estate, centralize supply chain functions and reduce overhead costs; most headcount reduction actions were completed by the end of 2023.
Word for word“The Company estimates that it will incur approximately $100 million to $130 million in restructuring and restructuring-related charges in connection with Project Phoenix.” 10-K for 2023
Our summaryAnnounced the Network Optimization Project to simplify and streamline its North American distribution network, including reducing the number of distribution centers.
Word for word“The Company currently estimates that it will incur approximately $37 million to $49 million in restructuring and restructuring-related charges associated with the execution of the Network Optimization Project.” 10-K for 2023
Our summaryAnnounced an organizational realignment to strengthen front-end commercial capabilities; actions expected to be substantially implemented by the end of 2024, subject to local law and consultation requirements.
Word for word“The Company estimates that it will incur approximately $75 million to $90 million in restructuring and restructuring-related charges in connection with the organizational realignment.” 10-K for 2023
Our summaryNewell launched a restructuring and cost savings initiative to streamline its North American distribution network, called the Network Optimization Project, which the filing says was substantially implemented by the end of 2024.
Word for word“In May 2023, the Company announced a restructuring and cost savings initiative that was intended to simplify and streamline its North American distribution network (the "Network Optimization Project") in order to improve the Company's cost structure and operating margins while maintaining focus on customer and consumer fulfillment.” 10-K for 2024
Our summaryNewell announced Project Phoenix, a restructuring and savings initiative, and began reducing headcount under it.
Word for word“In January 2023, the Company announced a restructuring and savings initiative ("Project Phoenix") that was intended to strengthen the Company by leveraging its scale to further reduce complexity, streamline its operating model and drive operational efficiencies.” 10-K for 2024
Our summaryNewell initiated a Realignment Plan, which generated restructuring charges of $37 million and restructuring-related charges of $15 million for 2024.
Word for word“The Company initiated the Realignment Plan during the first quarter of 2024.” 10-K for 2024
Our summaryNewell said remaining restructuring actions are expected to be completed by the end of 2025 and that future restructuring charges are likely as it reviews its footprint and non-core brands.
Word for word“Remaining actions, subject to applicable local law and consultation requirements, are expected to be implemented by the end of fiscal year 2025.” 10-K for 2024
Our summaryThe company began separating professional and clerical employees under the Productivity Plan and recorded severance and related charges in December 2025.
Word for word“The Company commenced separation of professional and clerical employees during December 2025 and recorded $40 million of restructuring charges for severance and other termination benefits and restructuring-related charges.” 10-K for 2025
Our summaryThe company reported its 2025 and 2024 restructuring costs.
Word for word“Restructuring costs for 2025 and 2024 were $62 million and $45 million, respectively.” 10-K for 2025
Our summaryThe company said its ongoing review of its operating footprint and non-core brands will likely lead to more restructuring charges.
Word for word“In addition, the Company’s ongoing review of its operating footprint and non-core brands will likely result in future restructuring charges.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $62.2 million | $59.9 million |
| 2017-12-31 | $95.3 million | $61 million |
| 2018-12-31 | $87 million | $76.5 million |
| 2019-12-31 | $27 million | $60 million |
| 2020-12-31 | $21 million | $27 million |
| 2021-12-31 | $16 million | $16 million |
| 2022-12-31 | $15 million | $18 million |
| 2023-12-31 | $95 million | $71 million |
| 2024-12-31 | $45 million | $63 million |
| 2025-12-31 | $62 million | $38 million |
Newell Brands filed 4 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Newell Brands’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.