Reported 1 day ago
Procter & Gamble plans to cut 7,000 jobs by mid-2027 as part of a restructuring effort aimed at revitalizing growth after experiencing declining sales. This move follows prior job reductions and is likely to include buyouts, particularly targeting Generation X employees. The incoming CEO, Shailesh Jejurikar, is expected to lead significant changes at the top and may result in the divestiture of certain brands and a simplification of product lines to streamline operations.
Source: YAHOO