Procter & Gamble to cut 7,000 jobs and slim down its brand portfolio

U.S. household, hygiene and toiletry products giant Procter & Gamble (P&G) said on Thursday, June 15, it plans to cut 7,000 jobs over two years as part of a plan it said aims to accelerate growth and mitigate the anticipated negative impacts of the trade war. “For fiscal year 2026, we will initiate a two-year restructuring plan focused on non-core activities,” announced André Schulten, the group's Chief Financial Officer, at an annual conference organized by Deutsche Bank in Paris.... - Industry buzz

Jun 6, 2025 - 00:15

U.S. household, hygiene and toiletry products giant Procter & Gamble (P&G) said on Thursday, June 15, it plans to cut 7,000 jobs over two years as part of a plan it said aims to accelerate growth and mitigate the anticipated negative impacts of the trade war.
“For fiscal year 2026, we will initiate a two-year restructuring plan focused on non-core activities,” announced André Schulten, the group's Chief Financial Officer, at an annual conference organized by Deutsche Bank in Paris.... - Industry buzz