Procter & Gamble will eliminate up to 7,000 jobs over the next two years, the company announced Thursday.
The cuts are slated to begin in the 2026 fiscal year and will encompass about 15 percent of the company’s non-manufacturing employees, Chief Financial Officer Andre Schulten and Chief Operating Officer Shailesh Jejurikar said Thursday at the Deutsche Bank Global Consumer Conference in Paris, France, according to a press release.
“Looking ahead, consumers face greater uncertainty. Competition is fierce,” Procter & Gamble stated in the release. “The geopolitical environment is unpredictable.”
“This restructuring program is an important step toward ensuring our ability to deliver our long-term algorithm over the coming two to three years,” Schulten said at the conference. “It does not, however, remove the near-term challenges that we currently face.”
Schulten said the cuts come as the company looks to make teams smaller and work “more fulfilling.”
Based in Cincinnati, Ohio, Procter & Gamble is the producer of Tide detergent, Pampers diapers and Bounty paper towels. The company had 108,000 employees as of May 2025, according to Forbes.
The company’s job cuts also come with the removal and divestiture of several products in specific markets. Procter & Gamble said it will release more information about those changes in July. (RELATED: Trump Reveals Major Update Coming ‘Soon’ On China Talks)
“As we do this, our top priority remains delivering balanced growth and value creation to delight consumers, customers, employees, society and shareowners alike,” the company said in their press release.
In its statement, Procter & Gamble said the 2024 fiscal year marked the sixth consecutive year the company made four percent or better organic sales growth, and its eighth year of two percent or better Core Earnings Per Share (EPS).
MIAMI, FL – MARCH 13: Tide laundry detergent is seen on a store shelf on March 13, 2012 in Miami, Florida. (Photo by Joe Raedle/Getty Images)
The company stated it will focus on portfolio choices, supply chain, and organization design in an effort to “accelerate P&G’s growth and value creation.”
“This is not a new approach, rather an intentional acceleration of the current strategy to widen P&G’s margin of advantage in superiority, fueled by productivity, to win in the increasingly challenging environment in which we compete,” Procter & Gamble stated.
Procter & Gamble joins the ranks of Walmart and Disney, both of which announced sizable layoffs in recent weeks, according to reports.
Disney will fire hundreds of employees in its film and TV units, according to a Monday CBS News report.
“As our industry transforms at a rapid pace, we continue to evaluate ways to efficiently manage our businesses while fueling the state-of-the-art creativity and innovation that consumers value and expect from Disney,” a spokesperson said in an email to CBS News. “As part of this ongoing work, we have identified opportunities to operate more efficiently and are eliminating a limited number of positions today.”
Walmart intends to slash approximately 1,500 jobs in its global technology operations, e-commerce fulfillment management and its advertising business Walmart Connect, the Wall Street Journal (WSJ) reported in May.