Procter & Gamble to Ax 7,000 Jobs. Why the Cuts Could Go Even Further.
1. P&G plans to cut 7,000 nonmanufacturing jobs, 15% of workforce. 2. The company will exit certain brands and markets during restructuring. 3. P&G's net profit rose 12% over the last three years. 4. CEO indicated potential price increases post-June amid economic challenges. 5. Stock rose 0.3% ahead of conference, reflecting positive sentiment.