Overview

• Procter & Gamble plans to eliminate about 7,000 office roles, representing roughly 15% of its global non-manufacturing workforce over the next two years.
• The job cuts support a broader effort to create smaller, more agile teams with expanded responsibilities.
• The company will exit selected categories, brands and product forms in certain markets to streamline its offerings.
• P&G trimmed its full-year sales growth forecast to flat after third-quarter revenue of $19.78 billion fell short of the $20.11 billion analysts expected.
• Chief Financial Officer Andre Schulten said P&G will counter tariff pressures through targeted pricing, product reformulation and tighter cost management.