{"id":40396,"date":"2025-06-05T11:37:10","date_gmt":"2025-06-05T11:37:10","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/06\/05\/procter-gamble-to-cut-7000-jobs-as-tariff-impact-hits-demand\/"},"modified":"2025-06-05T11:37:10","modified_gmt":"2025-06-05T11:37:10","slug":"procter-gamble-to-cut-7000-jobs-as-tariff-impact-hits-demand","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/06\/05\/procter-gamble-to-cut-7000-jobs-as-tariff-impact-hits-demand\/","title":{"rendered":"Procter & Gamble to cut 7,000 jobs as tariff impact hits demand"},"content":{"rendered":"
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Procter & Gamble (P&G), one of the world\u2019s largest consumer goods companies, has announced it will eliminate 7,000 jobs over the next two years, accounting for around 6% of its global workforce. <\/p>\n

The job cuts represent 15% of its non-manufacturing headcount and form part of a broader cost-reduction strategy aimed at protecting margins as tariff pressures and weak global demand weigh on operations.<\/p>\n

The changes were disclosed during a presentation at Deutsche Bank\u2019s Global Consumer Conference in Paris, where P&G executives outlined a strategic shift to exit certain brands, categories, and product formats in select markets. <\/p>\n

The move reflects a more aggressive approach to simplify operations, reallocate resources, and adapt its global portfolio to a volatile economic climate.<\/p>\n

Trade war uncertainty puts pressure on pricing and planning<\/h2>\n

P&G\u2019s decision to downsize comes against the backdrop of a prolonged US-led trade war, which has triggered tariff increases on key inputs and finished goods. <\/p>\n

US President Donald Trump\u2019s protectionist measures have led to broader disruptions across global supply chains, increasing cost burdens for companies like P&G.<\/p>\n

Executives noted that the company is experiencing “uneven demand” as consumers respond cautiously in the face of rising inflation and economic uncertainty. <\/p>\n

Earlier this year, P&G raised prices on a range of consumer products, including household staples such as Pampers and Tide, to offset input cost inflation.<\/p>\n

Chief Financial Officer Andre Schulten and Chief Operating Officer Shailesh Jejurikar said the external environment remains highly unpredictable, with tariffs acting as a key driver of volatility. <\/p>\n

They added that the new strategy is not a departure from past practices but rather an acceleration of the current transformation plan to bolster resilience.<\/p>\n

Organisational restructuring to boost productivity and cost-efficiency<\/h2>\n

P&G reported 108,000 employees as of 30 June 2024. <\/p>\n

While the company did not provide geographic or functional breakdowns of the upcoming layoffs, it clarified that the reductions will largely affect non-manufacturing functions such as marketing, administration, and product development.<\/p>\n

Executives stated that the restructuring will broaden existing roles and reduce team sizes. This is intended to flatten P&G\u2019s hierarchy, accelerate decision-making, and simplify its supply chain. <\/p>\n

The company also expects to divest some brands and streamline its product mix in markets where performance has underwhelmed.<\/p>\n

The job reductions and brand exits are part of a renewed emphasis on productivity to maintain a competitive edge in a lower-growth, higher-cost environment. <\/p>\n

P&G said the plan aims to unlock operational savings that will be reinvested in brand innovation and consumer value delivery.<\/p>\n

P&G signals continued price hikes amid margin defence strategy<\/h2>\n

The April price increases were described as just one of several tools available to P&G as it looks to defend profitability. <\/p>\n

The company warned that more hikes may be necessary if tariffs persist or escalate.<\/p>\n

Executives said P&G is prepared to use \u201cevery lever\u201d to safeguard its earnings, including pricing, cost savings, and portfolio optimisation. <\/p>\n

The firm did not specify the financial impact of the restructuring, but analysts expect one-off charges related to severance and asset write-downs to follow in upcoming quarters.<\/p>\n

The announcement positions P&G as the latest multinational to respond decisively to tariff-induced cost pressures. <\/p>\n

Several other consumer goods companies have flagged similar concerns in recent months, signalling that the effects of global trade frictions continue to ripple through the industry.<\/p>\n

The post Procter & Gamble to cut 7,000 jobs as tariff impact hits demand<\/a> appeared first on Invezz<\/a><\/p>\n

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Procter & Gamble (P&G), one of the world\u2019s largest consumer goods companies, has announced it will eliminate 7,000 jobs over the next two years, accounting for around 6% of its global workforce. The job cuts represent 15% of its non-manufacturing headcount and form part of a broader cost-reduction strategy aimed at protecting margins as tariff <\/p>\n","protected":false},"author":1,"featured_media":40397,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-40396","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/40396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=40396"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/40396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/40397"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=40396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=40396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=40396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}