Office-furniture maker Steelcase cut jobs in the first quarter. And more cuts could be coming.

Earnings Results

Company cites ‘weak macroeconomic factors and lower demand in Germany and France’

Last Updated: June 25, 2025 at 8:37 p.m. ET
First Published: June 25, 2025 at 6:09 p.m. ET

Shares of Steelcase Inc. fell after hours on Wednesday, after the office-furniture maker’s second-quarter outlook disappointed investors, amid weaker demand from its government customers and in Europe that could bring more cuts after a recent round of layoffs.

The results came as corporate demand remains strong, and after company executives this year called out a rebound in the commercial real-estate market and office leases. That market suffered after the pandemic led to a boom in remote work, irritating some workplace managers.