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Procter & Gamble to Cut 7,000 Jobs in Two-Year Restructuring

The overhaul aims to simplify operations built on exiting select brands with up to $1.6 billion in pre-tax charges.

SHANGHAI, CHINA - NOVEMBER 07: A Procter & Gamble (P&G) logo is seen during the 6th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 7, 2023 in Shanghai, China. (Photo by VCG/VCG via Getty Images)
Tide detergent pods, from Procter & Gamble, are seen at the Safeway store in Wheaton, Maryland February 13, 2015.
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Overview

  • Over two fiscal years beginning in 2026 P&G will eliminate 7,000 roles, about 6% of its workforce and 15% of non-manufacturing staff.
  • The overhaul seeks to streamline the organizational structure by broadening job responsibilities, reducing team sizes and investing in digitization and automation.
  • Executives plan to exit select product categories, brands and markets, with some divestitures likely.
  • The company expects to record $1 billion to $1.6 billion in pre-tax restructuring charges, roughly a quarter of which will be non-cash.
  • P&G cited tariff uncertainty, a volatile global economy and uneven consumer demand as drivers of the accelerated restructuring.