Procter & Gamble to cut 7,000 jobs as part of broader restructuring
1. Procter & Gamble plans to cut 7,000 jobs, affecting 15% of workforce. 2. Tariffs are expected to impact earnings by 3-4 cents per share. 3. P&G anticipates a $600 million tax headwind from tariffs in fiscal 2026. 4. The company has seen just 1% growth in North American sales. 5. Restructuring aims to improve long-term performance despite current challenges.