Procter and Gamble to Cut 7,000 Jobs in Major Two-Year Workforce Overhaul

0
168

Procter and Gamble, the multinational consumer goods giant behind household brands like Gillette, Pampers, and Oral-B, has announced plans to cut approximately 7,000 jobs over the next two years. 

The company revealed the move during a recent strategy update, citing the need for increased efficiency and cost control amid growing global economic pressures.

“We are committed to reshaping our organization to meet the evolving demands of a dynamic global market,” a spokesperson said in a statement. “This restructuring is about building a faster, leaner, more agile company.”

Signup for the USA Herald exclusive Newsletter

Read more from Retail Detail and Mashable India.

Background on Procter and Gamble

Founded in 1837 and headquartered in Cincinnati, Ohio, Procter and Gamble (P&G) is one of the world’s largest consumer goods companies. It employs roughly 108,000 people worldwide, with about half in manufacturing.

 The company is known for producing iconic brands such as:

  • Ariel laundry detergent
  • Always and Tampax feminine care products
  • Head & Shoulders and Herbal Essences hair care
  • Crest and Oral-B dental products

“Wicked: For Good” Trailer Reveals Ariana Grande and Cynthia Erivo’s Epic Return to Oz

First Quarter Shows Profit

With operations in more than 180 countries, P&G plays a significant role in the daily lives of millions of consumers.