Procter & Gamble to Cut 7,000 Jobs, Exit Brands Amid Global Headwinds and Consumer Slowdown
Procter & Gamble has announced plans to cut 7,000 jobs and exit select brands and product categories over the next two years, as it navigates global economic uncertainty and softening consumer demand. The post Procter & Gamble to Cut 7,000 Jobs, Exit Brands Amid Global Headwinds and Consumer Slowdown appeared first on Global Cosmetics News.
THE WHAT? Procter & Gamble has announced plans to cut 7,000 jobs and exit select brands and product categories over the next two years, as it navigates global economic uncertainty and softening consumer demand.
THE DETAILS Unveiled at the Deutsche Bank Consumer Conference, P&G’s restructuring will affect roughly 6% of its global workforce—about 15% of its non-manufacturing roles. The company aims to simplify operations, reduce costs, and reallocate resources toward its core beauty and personal care powerhouses, including Olay, Old Spice, and Head & Shoulders. P&G cited ongoing tariff pressures, volatile geopolitics, and slowing spending as key challenges. It has already exited select markets like Argentina and divested brands such as Vidal Sassoon in China as part of its streamlining efforts.
THE WHY? This strategic reset signals P&G’s pivot to prioritize high-margin, high-growth personal care segments while shedding slower-performing brands and operations. For the beauty sector, it reflects a broader trend of focusing on brand equity and resilience amid rising operational costs and shifting global demand.
Source: Reuters
The post Procter & Gamble to Cut 7,000 Jobs, Exit Brands Amid Global Headwinds and Consumer Slowdown appeared first on Global Cosmetics News.
