Procter & Gamble to Lay Off 7,000 in Restructuring Effort

Products and Gambal (PG), a giant company of consumer products, is planning to trim around 15% of its non-construction workforce, about 7,000 jobs, officials said at Thursday’s conference.

CFO Andre Shults said during an industry conference in Paris that the company plans to launch a two -year restructuring program in its next financial year, as per a transcript from the alphabets. The program will include changes in its portfolio and supply chain, as well as potential exit from some brand categories, and trimmed, with an estimated cost of $ 1 billion to $ 1.6 billion.

“We see more opportunities to broaden development and shorten the teams, which makes the work more complete, take advantage of the fast and more efficient, digitization and automation opportunities,” Shulten said. “In doing so, we expect to reduce 7,000 non-construction roles, or about 15%of our current non-construction workforce.”

The executive does not underline any specific brand or segment, which can exit or divide the proctor and gamble at that time, but said that Proctor & Gamble will probably be more aware of the plan in their next quarter, currently expected to be on July 29.

In addition to restructuring, the owners of the tide, the old spices, the deon dish soap and the dozens of other products gave new details on the expected effects of the tariff. Proctor and Gambal will probably take a 3-cent hit of 3 cents per share for their earnings in their financial fourth quarter, and Shultson said that when the tariff position can change, the company currently projects a pre-$ 3-tax headwind of about $ 600 million if tariffs are effective for all their fiscal 2026.

In his final quarter report in April, Proctor and Gamble posted better profits but less than expected, while reducing their sales and profit goals for the entire financial year.

Proctor and Gambal’s shares had changed less on Thursday morning, and are just 1% below since the beginning of the year.