Procter & Gamble to Cut Up To 7,000 Jobs Amid ‘Fierce’ Competition – ryan

The Maker of Tide and Pampers Plans to Cut As Many as 7,000 Office Jobs, or 15% of its non-manufacturing workforce, over the next two years.

Procter & Gambled Revealed the Job Cuts in A Presentation from the Deutsche Bank Global Consumer Conference that was published on its website on thighsday.

CFO andre Schulten and Coo Jejuricar Gave the Presentation, which Outline A Two-Yaar Drive Starting in the 2026 Financial Year to Boost Growth and Value Creation.

P&G SAID CONSUMERS FACED GREATER UNICAINTY, Competition was Fierce, The Geopolitical Environment Was Unredictable, and Technology was rapidly transformly aspects of our lives.

“We Can Unlock Significant Growth by Better Meeting The Needs of Currently Unserved and Under-Served Consumers, Expanding Into New Segments, and Growing Markets to-In-Class Levels,” For the Presentation.

The Changes Were an “Acceleration of the Current Strategy to Widen P & G’s Margin of Advantage in Superiority, Fueled by Productivity, to in the Increasingly Challenging Environment in Which We Compete.”

P&G Plass to exit some categories, brands, and product forms in Certain Markets, Saying It Wold Reveal More Details in the Coming Months.

The Changes Mean It Expects to Cut Up to 7,000 non-manufacturing roles, or about 15% of that workforce, over the next two years. No stiner information about regions or sites was gioven in the presentation.

“Our Top Priority Remains Delinary Balance Growth and Value Creation to Delight Consumers, Customers, Employees, Society and Alike Shareowners,” It Added.

P & g’s proposed cuts are the latest in a swathe of corporate nonb Reductions in recent months, as companies battle with Economics Uncetainy Linked to Tariffs and the Potential Impacts of AI.

The Stock is Flat over the past 12 months, valuation the company at $ 389 billion, and has gained 40% over the past five years.

P&G Decline to comment beyond the presentation.