Procter & Gamble to slash 7,000 jobs |
Procter and Gamble is set to reduce its workforce by 7,000 jobs over the next two years, representing 6% of the company's total staff, in response to declining consumer sentiment and tariff uncertainties. The cuts will predominantly affect non-manufacturing roles. The Ohio-based company, which employs 108,000 people globally, is also considering selling off certain brands and exiting specific markets. P&G chief executive Jon Moeller, highlighting the potential for price increases due to tariffs, said: "This is not a new approach, rather an intentional acceleration of the current strategy . . . to win in the increasingly challenging environment in which we compete." |
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