Procter & Gamble To Layoff Up To 7,000 Amid Slow Growth In USA
1. P&G to lay off 7,000 workers over next two years due to restructuring. 2. The company reports a slowdown in U.S. consumer growth rates to 2%. 3. Job cuts target non-manufacturing roles, approximately 6.5% of total workforce. 4. CFO indicates restructuring necessary for long-term stability amidst consumer uncertainty. 5. P&G aims to exit under-performing brands in response to market forces.