KMB · 10-Q · 2026Q3 · Full report

Headcount / Restructuring

KIMBERLY CLARK CORP · 2026-11-05 · Importance 58 · Surprise 42

Kimberly-Clark extended its 2024 Transformation Initiative through the end of 2028 and expects workforce reductions of 4% to 5% across major geographies. The initiative is expected to deliver $3.0 billion in gross productivity savings, including input and manufacturing cost savings, and $200 million in SG&A savings; total pre-tax costs are expected to be approximately $1.5 billion, about 60% cash. Third-quarter 2026 transformation charges were $55 million, and nine-month charges were $160 million; cumulative pre-tax charges reached $968 million through September 30, 2026. The company said substantially all expected SG&A savings had been realized or approved for action to date.

Key facts

• Kimberly-Clark's 2024 Transformation Initiative workforce reductions are expected to range from 4% to 5%, and the initiative is expected to affect all major geographies. source