Procter & Gamble slashing 7K jobs, exiting brands as tariffs roil consumer goods giant
1. P&G to cut 7,000 jobs, about 6% of workforce. 2. Plans to exit specific product categories and brands. 3. Predictable job cuts due to unpredictable geopolitical environment. 4. P&G estimates $600 million impact from tariffs in fiscal 2026. 5. Restructuring aims to simplify operations and focus on core brands.