TechHR
ex
L&D
UNPLUGGED
Sphere
About Us • Contact Us
People Matters ANZ
People Matters Logo
Login / Signup
People Matters Logo
Login / Signup
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

 

 

  • HotTopic
    HR Folk Talk FutureProofHR
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations BigInterview
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
  • About Us
  • Advertise with us
  • Become a sponsor
  • Contact Us
  • Feedback
  • Write For Us

Follow us:

Privacy Policy • Terms of Use

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

People Matters Logo
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast
Login / Signup

Categories:

  • HotTopic
    HR Folk Talk FutureProofHR
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations BigInterview
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
The layoff wave: Vicks owner to fire 10% of the global workforce

News • 6th Jan 2023 • 1 Min Read

The layoff wave: Vicks owner to fire 10% of the global workforce

Strategic HR

Author: Samriddhi Srivastava Samriddhi Srivastava
4.3K Reads
Helen of Troy, owner of direct-to-consumer brands including Hydro Flask, Drybar and Vicks is reducing its global workforce by about 10%. The step is taken to centralise functions, particularly within its operations and finance divisions.

Owner of direct-to-consumer brands including Hydro Flask, Drybar and Vicks, Helen of Troy announced it will reduce its global workforce by about 10 per cent. 

The decision came after the company’s latest earnings decreased in discretionary spending from consumers which impacted all its product categories. 

Helen of Troy said its net sales were impacted by a variety of factors, including lower consumer demand, shifts in consumer spending patterns, and reduced orders from retail customers. 

As per reports, Chief Executive Officer Julien Mininberg said inventory levels were now below what they were at the end of last fiscal year. The numbers dropped from $585.8 million to $536.8 million year over year.

Read More

Did you find this article helpful?


You Might Also Like

UBS initiates fresh layoffs including top managers

NEWS • 28th Jan 2025 • 2 Min Read

UBS initiates fresh layoffs including top managers

Strategic HRTalent Management#Layoffs#HRCommunity
68% of HR professionals struggle to find talent

NEWS • 16th Jan 2025 • 3 Min Read

68% of HR professionals struggle to find talent

Strategic HRRecruitment#HRTech#HRCommunity
NZ to ease dismissal rules for high-paid employees

NEWS • 9th Dec 2024 • 2 Min Read

NZ to ease dismissal rules for high-paid employees

Strategic HREmployment Landscape#HRTech#HRCommunity
NEXT STORY: Schneider Electric appoints Manish Pant as executive VP for international operations

Trending Stories

  • design-thinking-hr

    Skype is dead: Did Microsoft's leadership let a billion-doll...

  • design-thinking-hr

    Keeping the C-suite in the C-suite - how do we reduce execut...

  • design-thinking-hr

    Return to office: the legalities

  • design-thinking-hr

    The trust factor: Why modern leaders can’t afford to overl...

People Matters Logo

Follow us:

Join our mailing list:

By clicking “Subscribe” button above, you are accepting our Terms & Conditions and Privacy Policy.

Company:

  • About Us
  • Advertise with us
  • Become a sponsor
  • Privacy Policy
  • Terms of Use

Contact:

  • Contact Us
  • Feedback
  • Write For Us

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

Get the latest Articles, Insight, News & Trends from the world of Talent & Work. Subscribe now!
People Matters Logo

Welcome Back!

or

Enter your registered email address to login

Not a user yet? Lets get you signed up!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

People Matters Logo

Welcome! Let's get you signed up...

Starting with the absolulte basics.

Already a user? Go ahead and login!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

Let's get to know you better

We'll never share your details with anyone, pinky swear.

And lastly...

Your official designation and company name.