Procter & Gamble, the renowned consumer goods company behind popular products such as Tide laundry detergent and Pampers diapers, announced plans to lay off 7,000 employees globally over the next two years, amounting to roughly 6 percent of its total workforce. This decision comes as a response to the ongoing uncertainties stemming from trade tensions, particularly those initiated during President Trump’s administration.
Speaking at a conference in Paris, P&G executives revealed that the job cuts would be part of a broader strategy to streamline the company’s operations, including a reduction of brands within its portfolio. While specific details on which brands will be phased out and the exact locations of the job reductions were not disclosed, it was noted that the cuts would primarily affect 15 percent of non-manufacturing roles.
Andre Schulten, P&G’s chief financial officer, emphasized the company’s drive towards restructuring, stating, “We see more opportunities to make roles broader and teams smaller.” As of June 2024, Procter & Gamble employed around 108,000 people worldwide.
The move marks a significant step for the company as it seeks to adapt to changing market dynamics and enhance efficiency. Such organizational changes, while challenging for those affected, may ultimately position P&G for better resilience and growth in a competitive landscape.