Tylenol-maker Kenvue on Tuesday beat Wall Street estimates for fourth-quarter results and announced a global workforce reduction, as it proceeds toward a planned takeover by Kimberly-Clark.
Kenvue said its board has approved a plan to optimize its operating model, resulting in a net reduction of its global workforce by about 3.5%. The company had about 22,000 employees as of last year.
https://finance.yahoo.com/news/kenvue-beats-quarterly-estimates-announces-224341957.html