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.
The latest trading day saw Procter & Gamble (PG) settling at $165.95, representing a -0.54% change from its previous close.
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