Proctor & Gamble slashing up to 7,000 jobs amid restructuring effort
1. P&G plans to cut 7,000 jobs, 15% of non-manufacturing workforce. 2. Restructuring aims to drive efficiencies, innovation, and cost reduction. 3. Company braces for muted demand due to U.S. tariffs uncertainty in 2025. 4. P&G expects $1 billion to $1.6 billion charges over two years. 5. Portfolio adjustments may include exiting some categories and brand divestitures.