Procter & Gamble Announces Major Job Cuts Amid Restructuring Efforts

In a significant move, Procter & Gamble Co., a leading American manufacturer and marketer of consumer products, has announced plans to cut up to 7,000 non-manufacturing jobs over the next two years. This decision, part of a broader global restructuring program, aims to streamline operations and reduce costs in response to current market challenges.

The job cuts, representing approximately 15% of the company’s non-manufacturing workforce, were disclosed during a presentation at an investor event hosted by Deutsche Bank. The restructuring is expected to incur a charge of up to $1.6 billion, reflecting the company’s commitment to long-term efficiency and competitiveness.

Procter & Gamble, known for its diverse portfolio of household products, including laundry and cleaning, beauty care, and health care items, operates globally. Despite the job reductions, the company’s stock has shown resilience. As of June 3, 2025, the close price was $165.95, with a market capitalization of approximately $386.92 billion.

The decision to reduce the workforce comes amid uncertainties in the global market, including tariff challenges and muted demand. Procter & Gamble’s CEO highlighted these factors as key drivers behind the restructuring, emphasizing the need to adapt to changing economic conditions.

While the job cuts are a significant development, the company’s leadership remains focused on maintaining its strong market position and continuing to deliver value to shareholders. The restructuring is seen as a necessary step to ensure Procter & Gamble’s long-term success in the consumer staples sector.

As the company navigates these changes, investors and stakeholders will be closely monitoring its performance and strategic direction. The upcoming months will be crucial in determining the impact of these measures on Procter & Gamble’s operational efficiency and financial health.