Source: Fox Business
“Procter & Gamble on Thursday said that it will cut up to 7,000 jobs, or 15% of its non-manufacturing workforce, over the next two years as part of a broader restructuring effort. ‘As always, employee separations will be managed with support and respect, and in line with our principles and values and local laws,’ P&G said. ‘Specific impacts by region or site are not available at this time.’ The two-year restructuring plan comes as consumer goods giants P&G and Unilever brace for muted demand in 2025, stemming from growing uncertainty due to U.S. tariffs. P&G’s restructuring is not a reaction to a specific part of the external operational environment, which includes tariffs and other global headwinds.” (06/05/25)
https://www.foxbusiness.com/markets/proctor-gamble-slashing-up-7000-jobs-amid-restructuring-effort