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Kenvue Cuts 4% of Its Global Workforce

Despite investments to grow its Tylenol and Band-Aid brand, Kenvue cuts 4% of its workforce.

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By: Rachel Klemovitch

Assistant Editor

Kenvue has issued job cuts, eliminating 4% of its global workforce despite “beating Wall Street estimates for its first-quarter profit,” according to Reuters. 
 
The company previously closed its LA office and announced job cuts to take place over the course of the first half of 2024. 
 
The skin health and beauty segment of Kenvue, which includes Neutrogena and Clean & Clear, reported a 5% drop in Q1 net sales. The self-care segment (including Tylenol and Benadryl) recorded a 3.5% increase in sales above the average analyst estimate. 
 
Kenvue hopes to improve the sales of skin health products by pushing to improve the presence of products in stores in the U.S. 

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