Wolverine Sees New Round of Layoffs as It Looks to Further ‘Streamline’

November 9, 2023

Wolverine Worldwide is accelerating its transformation plan as it looks to “streamline” the organization.

As part of this plan, the Rockford, Mich.-based footwear company on Thursday revealed a new global workforce reduction and organizational redesign.

While Wolverine has not disclosed the number of employees affected by this move, the company said in a press release that these reductions are part of group of initiatives that are expected to deliver $215 million in annualized savings. Yahoo