Procter & Gamble (P&G), the global company behind products like Pampers and Tide, has announced that it will cut around 7,000 jobs globally over the next two years. This is about 6% of its total workforce. The job cuts are part of a cost-cutting plan as the company faces high trade tariffs, rising input costs, and reduced consumer spending.
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The job cuts will mostly affect employees who are not involved in manufacturing—about 15% of this group will be let go. These changes were announced by P&G’s Chief Financial Officer, Andre Schulten, during a business conference in Paris.
He explained that the layoffs and restructuring are necessary to help the company stay strong and meet its long-term goals, even though they won’t solve the company’s current challenges immediately.
P&G, which is based in Cincinnati, had about 108,000 employees worldwide as of June 2024.
As part of this restructuring plan, P&G also said it will stop selling some products in certain countries, but more details about that will be shared in July.
