Procter & Gamble revealed plans to cut 7,000 jobs, approximately 6% of its workforce, over the next two years amid a restructuring effort due to rising tariffs affecting costs and business uncertainty. The company is also planning to exit certain product categories and may divest some brands. This two-year plan aims to simplify organizational structure by broadening roles and creating smaller teams. CFO Andre Schulten highlighted the unpredictable geopolitical landscape and indicated that price increases and cost-cutting measures will be employed to manage the impacts.
Procter & Gamble announced it will cut 7,000 jobs, or 6% of its workforce, as part of a two-year restructuring plan to adapt to rising tariffs.
The restructuring aims to simplify P&G's organisational structure by making roles broader and teams smaller, giving them flexibility amid an uncertain geopolitical environment.
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