Company announces job cuts

Posted 10 May, 2024 AM

Kenvue, which became a standalone company last year after cutting ties with Johnson & Johnson, announced this week that it will slash its global workforce by about four per cent bringing in a saving of US$350 million. 

The decision coincides with the winding down of Transition Service Agreements with J&J under which the company continued to perform certain services for varying durations for the pharma and medtech giant as part of the spin-off process. 

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