Procter & Gamble (P&G) Takes Axe to 7,000 Non-Core Jobs, Possibly Exits Certain Product Categories
Large-scale workforce reduction announced by Procter & Gamble, impacting approximately 7,000 employees.
In an effort to streamline non-core operations, colossal consumer goods behemoth Procter & Gamble (P&G) is set to slash an estimated 7,000 jobs across these areas. This move equates to approximately 15 percent of the staff in divisions deemed non-essential, as communicated by P&G executives at a Deutsche Bank gathering. Furthermore, the corporation intends to retreat from certain product categories and markets, and possibly offload some brands.
P&G’s brand portfolio boasts powerhouses such as "Lenor" and "Ariel" detergents, "Pampers" diapers, and "Braun" razors. Altogether, the corporation maintains around 100,000 employees.
Recent speculation suggests that P&G may be retreating from certain product categories and markets[1][2][3], however, specifics on the intended withdrawals have yet to be revealed. Mired in the complexities of shifting market conditions, including diminished demand as a result of tariffs and economic instability, P&G is aiming to revamp its operations with a focus on digitalization, automation, and offering more consequential roles for employees[3].
The Commission has not yet adopted a decision regarding the potential sale of some P&G brands, as the corporation aims to streamline non-core operations. With the slashing of 7,000 jobs and the possible exit from certain product categories, P&G's financial health and business strategies remain intertwined with the adoption of digitalization, automation, and a renewed emphasis on core business areas.
