P&G Plans to Cut 15% of Office Jobs Over Next Two Years.
Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3
Database: Business Source Ultimate 2 of 3
Authored By: Connelly, Frank 3 of 3
Abstract
Procter & Gamble Co. plans to reduce its office workforce by up to 7,000 jobs over the next two years, representing approximately 15% of its non-manufacturing staff, in an effort to enhance productivity. The company, known for products like Tide and Gillette, is facing challenges from declining consumer sentiment and rising costs due to tariffs, prompting a reevaluation of its brand portfolio and potential divestitures. P&G has also indicated plans to implement price increases in the upcoming fiscal year while exploring alternative sourcing and formulation adjustments to mitigate tariff impacts. The restructuring is expected to incur costs between $1 billion and $1.6 billion. [Extracted from the article]
Additional Information
- Source:Bloomberg.com. 2025/06, pN.PAG
- Document Type:Article
- Subject Area:Business and Management
- Publication Date:2025
- Accession Number:185742336
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