'Spring cleaning at scale' | P&G to restructure with 7,000 job cuts amid tariff pressures

Procter & Gamble plans to eliminate 7,000 jobs globally over the next two years, with the company citing geopolitical pressures, trade tariff policy chaos, and weaker consumer spending as key factors behind the move.

The workforce reduction represents approximately 6% of its total employees and around 15% of its non-manufacturing headcount.

Company leaders revealed the plans during a Deutsche Bank Consumer Conference in Paris, describing the initiative as a strategic acceleration rather than a departure from its current approach.

“This is not a new approach, rather an intentional acceleration of the current strategy ... to win in the increasingly challenging environment in which we compete,” executives said.