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Procter & Gamble to cut 7,000 jobs as part of broader restructuring
PGP&G(PG) CNBC·2025-06-05 23:49

Packages of Charmin Ultra Soft bath tissue are stacked at a Costco Wholesale store in San Diego, California, on March 11, 2025.Procter & Gamble will cut 7,000 jobs, or roughly 15% of its non-manufacturing workforce, as part of a two-year restructuring program.The layoffs by the consumer goods giant come as President Donald Trump's tariffs have led a range of companies to hike prices to offset higher costs. The trade tensions have raised concerns about the broader health of the U.S. economy and job market.P& ...