Cost cuts tighten: P&G plans to cut 7,000 jobs globally; tariff burden, consumer anxiety drive restructuring

Procter & Gamble, the consumer goods giant, will implement significant layoffs. Around 7,000 employees, or 6% of the global workforce, may lose their jobs. This decision comes amid rising input costs and softening demand. The company aims to streamline operations and exit select markets. Andre Schulten announced the restructuring at a conference in Paris.