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.
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Household & Personal Products Industry | Consumer Defensive Sector | Mr. Jon R. Moeller CEO | XMUN Exchange | US7427181091 ISIN |
US Country | 108,000 Employees | 21 Apr 2025 Last Dividend | 21 Jun 2004 Last Split | - IPO Date |
The Procter & Gamble Company, a globally recognized provider of branded consumer packaged goods, conducts its operations worldwide through a variety of channels. With its foundation laid in 1837, the company has established its headquarters in Cincinnati, Ohio. It organizes its vast range of products and services into five main segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. By distributing its products primarily through mass merchandisers, e-commerce platforms, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores, high-frequency stores, pharmacies, electronics stores, and professional channels, as well as selling directly to consumers, Procter & Gamble ensures accessibility and availability of its offerings to a broad audience.