JELD-WEN announced plans to slash more than a tenth of its headcount as the exterior doors, windows and related building products manufacturer and distributor continues to see considerable sales and profit declines amid major macroeconomic headwinds from weak persistent weak housing demand.

The company shared the news Nov. 3 alongside reporting its 2025 third quarter financial results, which showed a 13.4% year-over-year decline in net revenue; a $378 million net loss; and a 45.5% drop in adjusted EBITDA (5.5% margin fell 320 basis points).

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The Charlotte, NC-based company said it plans to cut its North America and corporate workforce by about 850 positions — roughly 11% of that headcount — by the end of 2025. Meanwhile, the company has started a strategic review of its European segment as JELD-WEN looks to continue simplifying its portfolio.

That European presence represented about 28% of the company’s annual revenue in 2024, and is comprised of 23 manufacturing locations and approximately 6,000 employees.

“These are incredibly difficult decisions, and we deeply appreciate the dedication and contributions of all of our colleagues,” the company said in its 3Q earnings statement.”However, given the significant macroeconomic headwinds, these actions are necessary to ensure the long-term health of the business and will strengthen the company’s competitive position going forward.”

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In the first nine months of 2025, the company’s operating cash flow declined $38 million, compared to +$78 million a year earlier. In that same span, net earnings have sunk $459 million, which includes a $335 million impairment charge; $129 million attributed to a valuation expense; and a $71 million increase in net cash used in working capital accounts — all in 2025.

In North America, 3Q revenue of $546 million fell 19.4% year-over-year, with a net loss of $181 million. Adjusted EBITDA of $38 million fell by nearly half.

In Europe, 3Q revenue of $263 million increased 2.6% year-over-year alongside a net loss of $143 million. Adjusted EBITDA of $16 million was flat.

“Third-quarter results fell short of our expectations due to persistent market headwinds and price-cost pressures,” JELD-WEN CEO William Christenen said. “Actions are underway to confront market realities head-on and strengthen our foundation for long-term value creation. Despite marketplace challenges and slower-than-anticipated macro recovery, we remain focused on strengthening performance, serving our customers and building a more resilient foundation for the future.”

In updating its 2025 full-year guidance, the company now expects 2025 annual revenue of $3.1-$3.2 billion, with core revenue down 10-13% and adjusted EBITDA of $105-$120 million. That’s a considerable downgrade from the $3.2-$3.4 billion revenue, -4-9% core revenue decline and $170-$200 million adjusted EBITDA forecasted in August.