Procter & Gamble slashing 7K jobs, exiting brands as tariffs roil consumer goods giant
1. Procter & Gamble plans to cut 7,000 jobs over two years. 2. Restructuring includes exiting product categories and brands. 3. Estimated $600 million hit due to tariffs by fiscal year 2026. 4. Job cuts represent about 6% of PG's workforce. 5. Share prices declined by 2%, showing market reaction.