El Paso, Texas-based Helen of Troy, manufacturers of OXO housewares and other brand-name products, has announced the continuation of its three-year Project Pegasus restructuring program and will be implementing a 10% reduction in its global workforce.
The reduction in force will target approximately 2,14 employees and will be completed by March 1, 2023.
According to CEO Julien Mininberg, “The workforce reduction we announced today is one of the hardest things I have done in my entire career. We have an exceptional team that has delivered outstanding results over many years. My respect for the people who will be leaving us and the work that they have done is immense, as is my gratitude. The new structure will reduce the size of our global workforce with impact across all business segments, departments, and shared services.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?