The appliance maker has been trying to mitigate its higher raw materials costs with price increases and cost cutting.
The cereal maker is now predicting full-year operating profit will fall as much as 6% due to higher-than-expected supply chain costs.
At some point, cost cutting and higher prices can hinder growth and destroy value.
The layoffs will add to last year's $450 million in cost savings as the personal care company continues to adjust to weak sales in North America.
Continued weakness in North America hurt Q3 sales but the company's cost-cutting helped drive a 3% gain in net income.
Every business in Citi's investment banking unit saw healthy growth in the third quarter except fixed-income trading.
The retailer's Q2 results were "a little bit heartening, but still left some open areas of worry," including another double-digit comp sales decline.
CEO Noah Breslow calls the quarter "transformative," saying the online lender made "solid progress" toward achieving its financial objectives.
"There's no turnaround. Anybody who suggests that that's the case... is suffering from a loss of reality."
Finance teams will have to tighten their belts once more in 2017.
The two companies' performance boosts hopes that the industry is adapting to an environment of low oil prices.
While sales have declined for five straight quarters, the company's cost-cutting helped the bottom line beat analysts' estimates.
