The Procter & Gamble Company (PG) Is Expected to Cut 7,000 Jobs Over the Next 2 Years

The Procter & Gamble Company (NYSE:PG) is one of the 10 Best Dip Stocks to Buy According to Billionaires. On June 5, Reuters reported that The Procter & Gamble Company (NYSE:PG) is expected to cut 7,000 jobs over the next two years. This comes as a response to the challenges from the uncertain spending environment in the United States due to the tariffs.

The Procter & Gamble Company (NYSE:PG) is also expected to exit some product categories and brands, with anticipated divestitures in certain markets. The job cut of 7,000 represents around 6% of its total workforce. Management has characterized it as part of its ongoing strategy and two-year restructuring program.

The Procter & Gamble Company (NYSE:PG) is a leading global consumer company that provides branded daily life products. The company operates through five main segments which include Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine, and Family Care.

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