2023-04-21 06:15:29 ET
Clorox ( NYSE: CLX ) CEO Linda Rendle announced a new round of layoffs in a blog post updating the company’s strategy.
Rendle highlighted the cleaning products company’s IGNITE program, under which the company seeks to streamline the business and increase efficiency. However, she noted that this entails headcount reductions as well.
“While I’m energized about these changes and what they enable for us as an enterprise, we did have to make some difficult decisions today with the elimination of approximately 200 positions, or roughly 4% of our nonproduction workforce,” she wrote on Thursday evening. “Thankfully, the total number of people impacted is less than that as we were able to redeploy some teammates to other areas of the business and close some open positions.”
Clorox ( CLX ) shares slipped about 1% in early premarket hours.
Read more on the company’s plans to sell its vitamins and supplements business .
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Clorox announces job cuts, joining growing list of layoffs in 2023