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.

Newell expects to record a pre-tax charge of about $75 million to $90 million as part of the restructuring; the charges are set to be recognized at the end of 2026.

The company said the latest job cuts affect about 10% of its global professional and clerical employees. As of Dec. 31, 2024, Newell employed

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