"Procter & Gamble is cutting up to 7,000 office jobs, or 15% of its non-manufacturing workforce, over the next two years to boost growth."
"The company aims to exit certain categories, brands, and product forms, adapting to a rapidly changing market and improving productivity."
"P&G emphasizes meeting the needs of under-served consumers to unlock growth and insists these cuts are part of a larger strategy in a challenging environment."
"P&G’s changes, stated in a recent presentation, underline their commitment to delivering growth and value for consumers, customers, and shareholders."
Procter & Gamble (P&G) announced plans to cut up to 7,000 jobs, representing 15% of its non-manufacturing workforce, over the next two years. This strategic decision comes amid increasing competition and uncertainty in the marketplace. During the Deutsche Bank Global Consumer Conference, company executives highlighted a plan to exit specific categories and brands while striving for higher growth rates. They aim to target unserved and underserved markets to maintain a competitive edge in a complex environment, reinforcing their commitment to value creation for various stakeholders.
Read at Business Insider
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