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.
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Household & Personal Products Industry | Consumer Defensive Sector | Mr. Jon R. Moeller CEO | XSTU 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.