Clorox Announces Layoffs of 200 Employees to Cut Costs

Clorox Co will cut about 200 positions, or 4% of its non-production workforce.
The company aims to keep costs low amid concerns of an economic slowdown.
Clorox joins a list of companies that have reduced their workforce due to recessionary fears.
The CEO expects annual savings of $75 million to $100 million from the layoffs.
Clorox had already planned for more layoffs in February and had eliminated nearly 100 positions in 2022.