Consumer Sector Ideas

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>>> Clorox (CLX) is cutting about 200 jobs as it aims to continue a reorganization effort launched last year. The cuts were announced in a blogpost by CEO Linda Rendle.


https://finance.yahoo.com/news/stocks-moving-in-after-hours-csx-clorox-first-financial-214814665.html


The maker of disinfectant wipes and trash bags saw its stock balloon during the pandemic amid lockdowns and consumers' heightened concern about germs.

Last September the company introduced a new operating model to make Clorox more "consumer obsessed" and leaner, according to the blogpost.

"While I’m energized about these changes and what they enable for us as an enterprise, we did have to make some difficult decisions today with the elimination of approximately 200 positions, or roughly 4% of our nonproduction workforce," wrote Rendle.

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