Procter & Gamble to Ax 7,000 Jobs. Why the Cuts Could Go Even Further. - Barron's
1. P&G plans to cut 7,000 jobs over two years. 2. Job cuts represent 15% of its nonmanufacturing workforce. 3. P&G will exit certain brands and markets for restructuring. 4. The company expects to raise prices post-June. 5. P&G's net profit grew 12% over the past three years.