Huggies Companythe maker of Huggies Huggies Company and Kleenex tissues, announced Tuesday it will cut about 13 percent of its workforce globally, or at least 5, jobs, in a bid to reduce costs as sales wane. For years, consumer companies have enjoyed what has been widely considered to be overly optimistic stock prices. Now, the names are grappling with the reality of a new landscape. These companies must find growth to match up with investors' expectations, but are faced with changing shopping Huggies Company and competitive pressures.

Making matters worse, retailers are cutting prices in a fight for market share. Retailers like Target and Costco need to attract shoppers to their stores rather than having consumers buy their staples online. Meantime, retailers like WalmartAldi and Lidl — all known for low prices — continue to open new stores and increase their influence.

Adding to the pressure, Amazon has launched a private-label diaper business. Diapers are Huggies Company good example of a product shoppers tend to refill on a routine basis. Kimberly-Clark is also considering exiting or divesting some of its low-margin businesses concentrated in the consumer tissue segment, which comprise roughly 1 percent of its net sales. Kimberly-Clark would join a number of its consumer peers like Unilever and Nestle that have looked to shed underperforming businesses as scrutiny intensifies.

All Rights Reserved. Data also provided by. Huggies Company Navigation. Markets Pre-Markets U. Key Points. Kimberly-Clark Alphabet Holding Company cut 5, jobs, or about 13 percent of its workforce globally.

The company will shutter or sell 10 of its 91 production factories worldwide. VIDEO The Bottom Line. The company plans to shutter or sell 10 of its 91 production factories worldwide. Trending Now. News Tips Got a confidential Lime Company Carlow tip? We want to hear from you. Get In Touch. CNBC Newsletters.

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