Procter & Gamble to cut 7,000 jobs over the next two years

Procter & Gamble (P&G) is cutting 7,000 jobs over two years as part of cost reduction efforts amid escalating tariffs. The restructuring includes workforce reductions and divestments in uncertain markets due to geopolitical tensions and trade wars with China. P&G is streamlining its structure by expanding roles and downsizing teams, potentially raising prices or implementing additional cost-cutting measures to offset tariff impacts. The move has hurt consumer sentiment and sales expectations for 2026, but P&G’s stock performance has recently started improving slightly.