{"id":1296150,"date":"2025-06-10T10:12:32","date_gmt":"2025-06-10T04:42:32","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1296150"},"modified":"2025-06-10T10:13:06","modified_gmt":"2025-06-10T04:43:06","slug":"this-mnc-is-firing-5000-employees-to-cut-costs-restructure-organization","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/this-mnc-is-firing-5000-employees-to-cut-costs-restructure-organization\/","title":{"rendered":"This MNC Is Firing 5000 Employees To Cut Costs, Restructure Organization"},"content":{"rendered":"\n

Consumer goods giant Procter & Gamble (P&G)<\/strong> announced a major restructuring initiative that will lead to 7,000 job cuts<\/strong>, roughly 15% of its nonmanufacturing workforce<\/strong>, over the next two years.<\/p>\n\n\n\n

\"This<\/figure>\n\n\n\n

The move comes as President Trump\u2019s tariffs<\/strong> inflate costs for global businesses, pressuring P&G\u2019s margins<\/a> and compelling the company to raise prices and streamline operations.<\/p>\n\n\n\n

\n\n\n\n

\ud83c\udfe2 Layoffs Target White-Collar Workforce<\/h2>\n\n\n\n

P&G, known for brands like Pampers<\/strong>, Tide<\/strong>, and Swiffer<\/strong>, employs over 108,000 people worldwide. The announced job cuts will primarily impact corporate and support roles<\/strong>, not manufacturing.<\/p>\n\n\n\n

The company\u2019s CFO, Andre Schulten<\/strong>, disclosed the plan during the Deutsche Bank Consumer Conference. He stated the layoffs are part of a strategic plan to \u201censure long-term value\u201d despite near-term economic headwinds.<\/p>\n\n\n\n

\n\n\n\n

\ud83d\udcc9 Tariffs Add to Troubles: $600M Expected Drag<\/h2>\n\n\n\n

One of the key drivers behind the restructuring is the cost burden from ongoing U.S. trade policies. Tariffs are expected to:<\/p>\n\n\n\n

    \n
  • Drag Q4 earnings by $0.03\u2013$0.04\/share<\/strong><\/li>\n\n\n\n
  • Cost P&G $600 million<\/strong> before taxes in fiscal 2026<\/strong><\/li>\n<\/ul>\n\n\n\n

    P&G confirmed it would raise product prices<\/strong> starting July to offset these costs, affecting consumers directly.<\/p>\n\n\n\n

    \n\n\n\n

    \ud83d\udce6 Strategic Overhaul: Portfolio, Supply Chain & Markets<\/h2>\n\n\n\n

    P&G plans to:<\/p>\n\n\n\n

      \n
    • Reevaluate its product portfolio<\/strong><\/li>\n\n\n\n
    • Restructure supply chains<\/strong><\/li>\n\n\n\n
    • Slim down corporate layers<\/strong><\/li>\n\n\n\n
    • Exit certain brands and markets<\/strong> (to be detailed in July\u2019s earnings call)<\/li>\n<\/ul>\n\n\n\n

      The company is budgeting $1 billion to $1.6 billion<\/strong> in noncore pre-tax restructuring charges as part of this sweeping revamp.<\/p>\n\n\n\n

      \n\n\n\n

      \ud83d\udcc9 Wall Street Reacts: Stock Slips<\/h2>\n\n\n\n

      Markets responded cautiously:<\/p>\n\n\n\n

        \n
      • P&G shares dropped 1%<\/strong> after the announcement<\/li>\n\n\n\n
      • The stock is down 2% YTD<\/strong>, underperforming the S&P 500<\/strong>, which is up over 1%<\/li>\n\n\n\n
      • P&G\u2019s market cap currently stands at $407 billion<\/strong><\/li>\n<\/ul>\n\n\n\n

        Investors are closely watching upcoming jobs data for broader signs of a slowdown.<\/p>\n\n\n\n

        \n\n\n\n

        \u26a0\ufe0f Industry Trend: P&G Joins Wave of Corporate Layoffs<\/h2>\n\n\n\n

        P&G isn\u2019t alone. Other U.S. corporations announcing layoffs in 2025 include:<\/p>\n\n\n\n

          \n
        • Microsoft<\/strong><\/li>\n\n\n\n
        • Starbucks<\/strong><\/li>\n<\/ul>\n\n\n\n

          These cuts reflect a tightening job market<\/strong> influenced by inflation, protectionism, and post-pandemic market corrections. With nonfarm payrolls data due Friday<\/strong>, analysts are bracing for further insight into how deep the cuts may go across sectors.<\/p>\n\n\n\n

          \n","protected":false},"excerpt":{"rendered":"

          Consumer goods giant Procter & Gamble (P&G) announced a major restructuring initiative that will lead to 7,000 job cuts, roughly 15% of its nonmanufacturing workforce, over the next two years. The move comes as President Trump\u2019s tariffs inflate costs for global businesses, pressuring P&G\u2019s margins and compelling the company to raise prices and streamline operations. […]<\/p>\n","protected":false},"author":30,"featured_media":1296166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[131,8009],"class_list":["post-1296150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-layoffs","tag-pg"],"acf":[],"yoast_head":"\nThis MNC Is Firing 5000 Employees To Cut Costs, Restructure Organization - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/this-mnc-is-firing-5000-employees-to-cut-costs-restructure-organization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This MNC Is Firing 5000 Employees To Cut Costs, Restructure Organization - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"Consumer goods giant Procter & Gamble (P&G) announced a major restructuring initiative that will lead to 7,000 job cuts, roughly 15% of its nonmanufacturing workforce, over the next two years. 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