Procter & Gamble Stock News

Procter & Gamble (P&G), the owner of consumer brands like Tide, Pampers and Swiffer, has announced plans to layoff up to 7,000 workers over the next two years. The plans are part of a larger restructuring announced by the company's CFO, Andre Schulten, at a Deutsche Bank consumer conference in Paris on Thursday.

Companies are under increasing pressure to trim costs against the backdrop of global economic uncertainty brought on by President Donald Trump's trade policies. Many companies lumped layoffs in with larger cost-cutting strategies or growth plans.

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.

Proctor & 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.

The job cuts amount to about 6% of its workforce, which P&G characterized as part of its ongoing strategy.