Procter & Gamble is slashing up to 15% of its non-manufacturing positions over the next two years as part of a broader restructuring effort. The cuts will affect up to 7,000 roles.
U.S. consumer goods giant Procter & Gamble has announced that it will lay off 7,000 workers over the company's next two fiscal years. The staff reductions come at a time when the geopolitical environment is “unpredictable,” the company said, while consumers are facing “greater uncertainty.
Procter & Gamble Co (NYSE:PG, ETR:PRG) announced that it plans to cut approximately 7,000 jobs over the next two years as part of a restructuring initiative. The layoffs represent roughly 6% of P&G's total workforce of about 108,000 employees and account for nearly 15% of the company's non-manufacturing roles.
Procter & Gamble will cut approximately 7,000 jobs as part of a restructuring program that will also include exiting certain brands and markets. CFO Andre Schulten said more details will be shared on the company's fiscal fourth-quarter earnings call in July.
The job cuts amount to about 6% of its workforce, which P&G characterized as part of its ongoing strategy.
Consumer products giant Procter & Gamble (PG) is planning to trim about 15% of its non-manufacturing workforce, about 7,000 jobs, executives said at a Thursday conference.
Procter & Gamble Co. will lay off thousands of workers, the parent company of such household brands as Pampers, Gillette, Crest and Tide said Thursday, becoming the latest consumer-goods giant to cut jobs.
Procter & Gamble plans to cut up to 7,000 office jobs, or 15%, of its non-manufacturing workforce. The cuts will be implemented over the next two years, the company said in a presentation.
The Procter & Gamble Company (NYSE:PG ) dbAccess Global Consumer Conference Call Transcript June 5, 2025 2:30 AM ET Company Participants Andre Schulten - Chief Financial Officer Shailesh G. Jejurikar - Chief Operating Officer Conference Call Participants Stephen Robert R.
The maker of Gillette razors outlines plans to cut about 15% of its current nonmanufacturing workforce over the next two years.
Procter & Gamble said on Thursday it would cut 7,000 jobs, or about 15% of its non-manufacturing roles globally over the next two years as part of its non-core restructuring program.
The American consumer giant also said it would trim its portfolio of brands.