Procter & Gamble to cut 7,000 jobs as tariff pressure hits operations

Published connected 05/06/2025 - 14:28 GMT+2•Updated 14:35

The occupation cuts, announced astatine nan Deutsche Bank Consumer Conference successful Paris connected Thursday, dress up astir 15% of its existent non-manufacturing workforce, main financial officer, Andre Schulten, said.

“This restructuring programme is an important measurement toward ensuring our expertise to present our semipermanent algorithm complete nan coming 2 to 3 years,” Schulten said. “It does not, however, region nan near-term challenges that we presently face.”

Procter & Gamble, based successful Cincinnati, had astir 108,000 labor worldwide successful June 2024.

The cuts are portion of a broader restructuring program.

Procter & Gamble will besides extremity income of immoderate of its products successful definite markets. Procter & Gamble said it will supply much specifications astir that successful July.

In April, Procter & Gamble noted during a convention telephone that nan biggest US tariff impacts were coming from earthy and packaging materials and immoderate vanished merchandise originated from China. The institution said that it would beryllium looking astatine sourcing options and productivity improvements to mitigate nan tariff impact, but that it whitethorn besides person to raise prices connected immoderate products.

That aforesaid month, nan Consumer Brands Association, which represents large nutrient companies for illustration Coca-Cola and General Mills arsenic good arsenic user merchandise makers for illustration Procter & Gamble, warned that though its businesses make astir of their equipment successful nan US, they now look tariffs connected captious ingredients — for illustration wood pulp for toilet insubstantial aliases cinnamon — that must beryllium imported because of home scarcity.