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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.”

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

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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.

P&G reported results for the first quarter of fiscal 2025 on its website.

” Focus markets grew 2%, with North America up 4% and Europe Focus markets up 3%. Enterprise markets were up 1%.

“28 of our top 50 category/country combinations held or grew share for the quarter. Core earnings per share were up 5% versus the prior year. On a currency-neutral basis, core EPS increased 4%.”

Adding that it had been a “good performance in what continues to be a challenging economic and geopolitical environment.”

What’s Behind the Workforce Cuts

The planned layoffs will affect 15% of P&G’s non-manufacturing workforce, representing roughly 6% of its total global workforce. The company emphasized that the changes are necessary to drive “efficiencies, faster innovation, and cost reduction.”

P&G cited multiple global economic challenges as contributing factors, including:

• Rising tariffs between the U.S. and China
• Inflation and higher production costs
• Ongoing global supply chain disruptions

To cope with increasing costs, the company has raised prices on several product lines, though it acknowledged this strategy might lead to reduced consumer demand.