Reported 2 days ago
Procter & Gamble (P&G) announced it will reduce its workforce by 7,000 positions, or about 6% of its total employees, over the next two years as part of a restructuring plan driven by rising tariff costs and declining consumer spending. This decision follows disappointing quarterly sales results and reflects the company's struggle to adapt to changing consumer behaviors, including a reduction in laundry loads to conserve products. P&G's recent performance, combined with increased uncertainty about future sales, has led to analysts lowering their earnings estimates for the company.
Source: YAHOO