Procter & Gamble to Lay Off 7,000 Workers Amid Tariffs and Slowing Consumer Spending
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Procter & Gamble is preparing to cut up to 7,000 jobs—roughly 6% of its global workforce—over the next two years. The move, confirmed during a presentation at the Deutsche Bank consumer conference in Paris, is part of a broader restructuring strategy aimed at weathering economic headwinds and the growing cost of tariffs.
CFO Andre Schulten said the layoffs will mostly affect non-manufacturing roles and are meant to help the company stay on track with its long-term growth targets. Still, he acknowledged that the cuts won’t immediately solve the near-term challenges P&G is facing, including weakening consumer demand and supply chain cost pressures.
The company, which owns major household brands like Tide, Pampers, and Gillette, said tariff-related expenses—especially on raw materials and packaging from China—have pushed it to rethink product sourcing, pricing, and market presence. P&G also plans to exit some product lines in select markets, with more details expected in July.
