Procter & Gamble To Layoff Up To 7,000 Amid Slow Growth In USA
1. P&G plans to lay off up to 7,000 workers in two years. 2. Restructuring aims to address slow U.S. consumer spending, down to 2%. 3. Approx. 6.5% of total workforce affected, focusing on non-manufacturing jobs. 4. Job cuts part of a $1-1.6 billion restructuring effort for brand adjustment. 5. P&G shows resilience in adapting to consumer market changes.