Unilever freezes global hiring for 3 months, trims workforce
Business
Unilever just announced a 3-month global hiring freeze to deal with rising costs, mainly triggered by the ongoing conflict in Iran.
Along with pausing new hires, they're also trimming their workforce, and tweaking bonuses, basically tightening up to handle some tough economic times.
Unilever close to McCormick food sale
Unilever is close to selling most of its food brands to McCormick & Co., shifting its focus more toward beauty and personal care products.
The company has been hit hard by higher shipping and ingredient prices, especially in markets like India where energy costs are soaring.
The company says these moves are part of a bigger plan to save €800 million over 3 years and keep Unilever steady through all this uncertainty.