Procter & Gamble Job Cuts
Procter & Gamble announced plans to reduce its workforce by 7,000 jobs, constituting about 15% of its non-manufacturing staff, over the next two years to enhance productivity and reduce costs amid a challenging market. The company, which employs 108,000 globally, also hinted at potential brand divestitures as part of portfolio changes, although specific brands affected were not disclosed. This decision comes as U.S. job cuts rise across various industries, with a reported 47% increase in layoffs in May compared to the previous year.
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