Procter & Gamble announced a significant reduction in its workforce, aiming to cut 7,000 jobs over the next two fiscal years. This decision is part of a broader growth strategy that includes revamping the company's portfolio, supply chain, and organizational design. With the cuts primarily affecting non-manufacturing roles, the company aims to enhance efficiency and agility in its operations, contributing to an approximately 6% reduction of its global workforce. Executives emphasized the need for a more empowered and accountable workplace structure during the announcement.
Procter & Gamble is laying off 7,000 workers over two years, representing a 6% cut to its global workforce, as part of a new growth strategy.
The job cuts are expected to streamline operations and create an "agile, empowered, and accountable organization design" that emphasizes broader roles and smaller teams.
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