P&G Cuts Thousands of Jobs Amidst Economic Uncertainty
To address economic anxieties impacting consumer spending and increased tariff costs, Procter & Gamble will eliminate up to 7,000 positions—roughly 6% of its global workforce—during the next two years. This reduction, affecting approximately 15% of non-manufacturing roles, is part of a wider restructuring plan also involving product discontinuations in select markets. Further details on these product eliminations will be released in July. The restructuring aims to ensure the company’s long-term financial goals are met, despite current economic headwinds.
John Q. Hosedrinker