Procter & Gamble on Thursday said that it will cut up to 7,000 jobs, or 15% of its non-manufacturing workforce, over the next two years as part of a broader restructuring effort.
"As always, employee separations will be managed with support and respect, and in line with our principles and values and local laws," P&G said . "Specific impacts by region or site are not available at this time."
The two-year restructuring plan comes as consumer goods giants P&G and Unilever brace for muted demand in 2025, stemming from growing uncertainty due to U.S. tariffs. P&G's restructuring is not a reaction to a specific part of the external operational environment, which includes tariffs and other global headwinds.
"This is not a new approach, rather an intentional acceleration of the current stra