Procter & Gamble to cut up to 7,000 jobs under tariff, consumer uncertainty pressure

Procter & Gamble volition chopped up to 7,000 jobs, oregon astir 6% of its planetary workforce, implicit the adjacent 2 years arsenic the shaper of Tide detergent and Pampers diapers wrestles with tariff-related costs and customers who person grown anxious astir the economy

Procter & Gamble volition chopped up to 7,000 jobs, oregon astir 6% of its planetary workforce, implicit the adjacent 2 years arsenic the shaper of Tide detergent and Pampers diapers wrestles with tariff-related costs and customers who person grown anxious astir the economy.

The occupation cuts, announced astatine the Deutsche Bank Consumer Conference successful Paris connected Thursday, marque up astir 15% of its existent non-manufacturing workforce, said Chief Financial Officer Andre Schulten.

“This restructuring programme is an important measurement toward ensuring our quality to present our semipermanent algorithm implicit the coming 2 to 3 years,” Schulten said. “It does not, however, region the near-term challenges that we presently face.”

Procter & Gamble, based successful Cincinnati, had astir 108,000 employees worldwide successful June 2024.

The cuts are portion of a broader restructuring program. Procter & Gamble volition besides extremity income of immoderate of its products successful definite markets. Procter & Gamble said it volition supply much details astir that successful July.

Sponsored Content by Taboola