Kenvue Layoffs: Over 900 jobs being cut globally

What’s happening at Kenvue?

Kenvue is currently implementing significant layoffs as part of its effort to streamline its operations and improve financial efficiency following its separation from Johnson & Johnson. Here are the essential details about the layoffs, according to the company’s press release:

• Extent of Reductions: Kenvue’s board has decided to cut about 4% of its workforce, which means around 920 jobs are affected out of a total of 23,000 employees.
• Financial Impact: The layoffs are expected to lead to approximately $275 million in charges, highlighting the major financial implications of this decision.

Additional information

The job cuts are happening as Kenvue ends a service agreement with Johnson & Johnson. This marks a significant move towards becoming more independent in its operations.

• History of Job Cuts: These aren’t the first layoffs at Kenvue. Earlier job cuts included 51 positions in New Jersey in February and 84 in California set for April, showing a pattern of reducing workforce to adjust to new business needs.
• Trend in the Industry: Kenvue’s decision is part of a wider trend where major companies in the pharmaceutical and consumer health industries are reshaping their operations to focus more on core areas.

Kenvue operates a lineup of consumer health products such as Neutrogena, Aveeno, Tylenol, Listerine, Band-Aid, and Zyrtec.

Impact on Canadian staff

It remains unclear how many Canadian employees are affected by the latest round of layoffs at Kenvue.

Termination agreements for Kenvue employees

In Canada, non-unionized employees at Kenvue are owed full severance pay when they lose their jobs due to downsizing, corporate restructuring, or the closure of the business.

This includes individuals working full-time, part-time, or hourly in Ontario, Alberta, and B.C.

People working “on contract” or as a contractor may also be owed severance pay — given that many employees in Canada are often misclassified as independent contractors.

Severance can be as much as 24 months’ pay, depending on a number of factors.

WATCH: Employment lawyer Lior Samfiru explains what rights employees have if they are being fired or let go on an episode of the Employment Law Show.

Before accepting a severance offer, double-check the amount using our firm’s free Severance Pay Calculator. It has helped millions of Canadians determine their entitlements.

In addition to your salary, make sure to factor in any other elements of your compensation (i.e. bonuses, commission, etc.).

If your employer’s offer falls short of what our Severance Pay Calculator says you are owed, it’s very likely that you have been wrongfully dismissed and should contact an experienced employment lawyer at Samfiru Tumarkin LLP.

Non-unionized employees in Canada have up to two years from the date of their dismissal to pursue proper severance pay.

LEARN MORE
• Severance pay for tech sector workers
• Rights to severance for provincially regulated employees
• Severance packages during mass layoffs

Lost your job? Talk to an employment lawyer

If you have been fired or let go for any reason, contact the experienced employment law team at Samfiru Tumarkin LLP.

Our lawyers in Ontario, Alberta, and B.C. have successfully represented tens of thousands of non-unionized individuals.

In addition to severance package negotiations, we can assist you on a broad range of employment matters, including:

If you are a non-unionized employee who needs help with a workplace issue, contact us or call 1-855-821-5900 to get the advice you need and the compensation you deserve.