Reported 2 days ago
Procter & Gamble announced plans to reduce its workforce by 7,000 jobs over the next two years as it faces a challenging consumer spending environment exacerbated by U.S. tariffs. The company will also exit certain product categories and brands as part of a broader restructuring effort. Executives noted that the unpredictable geopolitical landscape and consumer uncertainty necessitate these changes, which are expected to result in significant financial charges. The restructuring aims to streamline operations and focus on core brands, despite a backdrop of potential recession concerns.
Source: YAHOO