Last Updated:June 05, 2025, 15:07 IST
P&G has announced plans to eliminate approximately 7,000 jobs, representing about 15% of its global non-manufacturing workforce
P&G Layoffs
P&G Job Cuts: Procter & Gamble (P&G) has announced plans to eliminate approximately 7,000 jobs, representing about 15% of its global non-manufacturing workforce, over the next two years. This initiative is part of a broader organizational revamp designed to create smaller, more agile teams with expanded responsibilities. The company clarified that the move is not driven by cost-cutting, but rather by an effort to streamline operations and enhance effectiveness.
The consumer goods giant, known for brands like Tide, Pampers, and Bounty, reported a workforce of about 108,000 as of last June. P&G unveiled these restructuring plans during a presentation in Paris, where executives also outlined ambitions to simplify the company’s product portfolio. While detailed plans were not shared, the overhaul may involve exiting certain categories and discontinuing smaller brands in select markets.
P&G’s announcement comes on the heels of a mixed financial performance. In April, the company posted third-quarter earnings per share (EPS) of $1.54, slightly above the $1.53 expected by analysts. However, revenue fell short, coming in at $19.78 billion compared to forecasts of $20.11 billion. Amid ongoing global economic and geopolitical challenges, P&G cut its full-year sales growth forecast from 2%–4% to flat. It also revised its core earnings projection for fiscal 2025 to a range of $6.72 to $6.82 per share, down from the previous forecast of $6.91 to $7.05.
In addition to workforce changes, P&G is grappling with the impact of tariffs, which it expects will reduce annual growth by $1 billion to $1.5 billion. Chief Financial Officer Andre Schulten said the company plans to mitigate the effects through pricing strategies, product reformulation, and tighter cost management. P&G aims to balance these challenges by focusing on pricing, productivity, and innovation in the near term.
Other Layoffs
Major global companies, especially tech firms, have been resorting to layoffs in the past few years, post COVID-19, to save costs. In 2025 so far, 137 tech companies have sacked a total of 62,114 employees.
In 2024, a total of 1,52,992 employees were laid off by 551 companies.
Recently, Microsoft announced its decision to lay off 6,000 employees, which is 3% of its workforce. On these massive layoffs, Microsoft CEO Satya Nadella said the layoffs happened due to “reorganisation rather than performance”.
The Walt Disney Company has also begun a new round of layoffs, affecting several hundred employees across its global operations.
Moreover, Walmart, the world’s largest retailer and one of the biggest private employers in the US, has initiated significant layoffs targeting its corporate staff. It announced cuts of 1,500 jobs. These job cuts were part of Walmart’s ongoing strategy to streamline operations and reduce costs in a volatile economic environment. With over 1.6 million employees in the US, Walmart is now focusing on reshaping its corporate and technological divisions to enhance efficiency and adaptability.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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