Newell Brands to Cut 7% of Office Roles, Reduce Footprint

Newell Brands will slash about 7% of its office roles and pare down its real-estate footprint in an organizational realignment.

The Atlanta-based maker of Rubbermaid and Sharpie said it expected to realize annual pretax savings of $65 million to $90 million net of reinvestment, the majority of which is expected this year.