Procter & Gamble Job Cuts Announcement
Procter & Gamble has announced plans to cut up to 7,000 jobs over the next two years. The reduction is set to begin in fiscal 2026 and will affect around 15% of the company’s non-manufacturing workforce, according to statements made by CFO André Schulten and COO Shaileche Jegeuricalard at the Deutsche Bank Global Consumer Conference in Paris.
The company pointed out that consumers are facing increasing uncertainty and noted the fierce competition in the market. They also highlighted the unpredictable geopolitical climate in their announcement.
“This reorganization program is vital for securing our long-term strategies over the next couple of years,” Schulten remarked. He added that while they are looking forward, the short-term challenges remain persistent.
Additionally, Schulten mentioned that the job cuts will align with the company’s trend toward smaller teams and more streamlined operations.
Headquartered in Cincinnati, Ohio, Procter & Gamble, known for products like Tide, Pampers, and Charmin, employed approximately 108,000 people as of May 2025.
The company is also set to revise its product offerings in some markets, with further announcements expected in July. They emphasized the importance of balancing growth and value for all stakeholders—consumers, customers, employees, society, and shareholders.
Procter & Gamble noted that 2024 marked its eighth consecutive year of organic sales growth exceeding 4%, alongside a consistent trend of core revenue growth.
The company plans to focus on refining its portfolio, enhancing supply chain efficiency, and redesigning its organizational structure to facilitate continued growth amid increasing market challenges.
Notably, Procter & Gamble’s recent steps mirror those taken by other major companies like Walmart and Disney, both of which have also announced significant layoffs recently.
Disney is expected to cut hundreds of jobs in its film and television divisions, indicating a shift towards operational efficiency while still fostering creativity and innovation. Similarly, Walmart plans to reduce around 1,500 positions in its global technology operations and related areas, as reported earlier.
