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