(Reuters) -Procter & Gamble said on Thursday it would cut 7,000 jobs, or about 6%, of its total workforce over the next two years, as the Tide detergent maker navigates uneven demand due to tariff uncertainty.
P&G also plans to exit some categories, brands and product forms in individual markets, executives said at a Deutsche Bank conference in Paris, adding that the exits could also likely include some brand divestitures.
The company had about 108,000 employees as of June 30, 2024 and said the job cuts would account for roughly 15% of its non-manufacturing workforce.
P&G’s new two-year plan comes at a time when the company, along with several other consumer goods firms, is anticipating higher costs due to the trade war and are battling muted consumer demand.
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