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Key Points

Procter & Gamble is set to streamline its global workforce by cutting 7,000 jobs over the next two years. The strategic move aims to create a more agile and efficient organizational structure amid challenging market conditions. The company remains committed to innovation and growth, focusing on leveraging technology and meeting consumer needs. P&G's leadership emphasizes the importance of adapting to an unpredictable global business environment.

Key Points: P&G to Cut 7,000 Jobs Amid Global Restructuring Effort

  • P&G to reduce 15% of non-manufacturing positions globally
  • Company aims to create more agile organizational structure
  • Continues strong financial performance despite market challenges
  • Leveraging digitization and automation for efficiency
2 min read

Procter & Gamble to cut 7,000 jobs globally over next 2 years

Procter & Gamble plans major workforce reduction, focusing on organizational efficiency and growth strategy in challenging global market

"Competition is fierce. The geopolitical environment is unpredictable. - P&G Leadership"

New Delhi, June 5

FMCG major Procter & Gamble on Thursday announced it would reduce 7,000 jobs, or about 15 per cent of its current non-manufacturing positions, globally over the next two years.

The company said employee separations will be managed with support and respect, and "in line with our principles and values and local laws".

"Specific impacts by region or site are not available at this time. Plans will be implemented over the next two fiscal years, allowing us appropriately sequence the delivery of important innovation and operational projects," said the company in a statement.

It said that P&G's 2024 fiscal year completed six consecutive years of four per cent or better organic sales growth, delivering consistent growth pre-COVID, during the pandemic, across periods of supply chain disruption and inflation challenges and consumption slowdown in key markets.

"We're continuing our strong track record of cash return to shareowners. Over the first three quarters of fiscal year 2025, P&G has returned more than $13 billion dollars to shareowners through dividends and share repurchases," said Andre Schulten, Chief Financial Officer, and Shailesh Jejurikar, Chief Operating Officer, at the 2025 Deutsche Bank Global Consumer Conference.

They said that looking ahead, consumers face greater uncertainty.

"Competition is fierce. The geopolitical environment is unpredictable. And technology is rapidly transforming nearly every aspect of daily life. At the same time, we can unlock significant growth by better meeting the needs of currently unserved and under-served consumers, expanding into new segments, and growing markets to best-in-class levels," according to the company.

To achieve this, "there will be additional changes to ensure an even more agile, empowered and accountable organization design -- making roles broader, teams smaller, work more fulfilling and more efficient, including leveraging digitisation and automation," it noted.

In fiscal 2026, the company will begin a 2-year effort to accelerate P&G's growth and value creation.

"These changes across our portfolio, supply chain and organisation are designed to unlock significant opportunities for stronger delivery of P&G's integrated growth strategy," it added.

- IANS

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Reader Comments

R
Rahul K.
This is worrying news for Indian employees. P&G has major operations in India - hope they don't cut jobs here. Our economy is already struggling with unemployment. Companies should think about their social responsibility too, not just profits. 🤔
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Priya M.
While job cuts are unfortunate, I appreciate that P&G is being transparent about it 2 years in advance. Many companies just fire people overnight. Hope they provide good severance packages and support for affected employees.
A
Amit S.
Interesting that they're returning $13 billion to shareholders while cutting jobs. Shows where their priorities lie. Corporates always talk about values but ultimately it's about the bottom line. #Capitalism
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Shweta R.
As someone who worked at P&G India, I can say they treat employees well. If job cuts have to happen, I trust they'll handle it responsibly. Their products are household names in India - from Vicks to Ariel. Hope they continue investing in our market.
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Vikram J.
Automation and digitization are inevitable, but we need better policies to reskill workers. Government should work with companies like P&G to create transition programs. "Make in India" should include "Skill India" for the digital age.
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Neha P.
The timing is bad with global economic uncertainty. But P&G products are essentials - people will always need soap and detergent. Maybe they're overstaffed after pandemic hiring? Hope Indian operations remain strong - we use so many of their brands daily! 🏡

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