Overview

• The cuts represent roughly 6% of P&G’s total workforce and 15% of its non-manufacturing staff over the next two years.
• Executives presented the two-year overhaul at a Deutsche Bank conference in Paris to broaden roles and create smaller, more agile teams.
• The restructuring will involve exiting selected product categories, brands and formats to sharpen the company’s focus on high-margin businesses.
• P&G projects a $1 billion to $1.5 billion earnings hit from U.S. tariffs and is reconfiguring its supply chain to manage those costs.
• Company leaders say the measures are designed to boost productivity and agility in the face of global economic uncertainty and changing consumer behavior.