Procter & Gamble slashing up to 7,000 jobs amid restructuring effort
1. P&G plans to cut 7,000 jobs over the next two years. 2. The restructuring aims to improve efficiency amid muted demand forecasts. 3. P&G may exit certain product categories and brands during restructuring. 4. Expected charges range from $1 billion to $1.6 billion pre-tax. 5. P&G is adjusting its strategy to focus on under-served consumer needs.