JELD‑WEN to cut 850 jobs and trims 2025 outlook after deep Q3 loss; Europe business under strategic review
JELD‑WEN will cut about 850 jobs, or 11% of its North America and corporate workforce, by the end of 2025 and is reviewing options for its Europe segment. The company reported a Q3 net loss of $367.6 million on $809.5 million revenue and lowered its 2025 guidance. Layoffs will include roles at its Charlotte headquarters. Shares fell after the announcement.
