Associated Press Business Writer Michelle Chapman
Procter & Gamble will cut up to 7,000 jobs or roughly 6% of the global workforce over the next two years as Tide Detergent and Pampers diaper manufacturers tackle customers who are worried about tariff-related costs and the economy.
The work cuts announced at the Deutsche Bank Consumer Conference in Paris on Thursday account for around 15% of the current non-manufacturing workforce, according to Chief Financial Manager Andre Schulten.
“This rebuild program is an important step to ensure our ability to provide long-term algorithms over the next two to three years,” Schulten said. “But we won’t remove the short-term challenges we face right now.”
Cincinnati-based Procter & Gamble had around 108,000 employees worldwide in June 2024.
Cuts are part of a broader restructuring program. Procter & Gamble will also end the sale of some of its products in certain markets. Procter & Gamble said they will provide details in July.
Original issue: June 5th, 2025, 7:59am EDT
