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Beauty Industry

P&G Plans to Cut Jobs to Offset Tariff Costs

This is a reduction of roughly 15% of its current workforce over the next two years.

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By: Rachel Klemovitch

Assistant Editor

Procter & Gamble (P&G) is set to cut 7,000 non-manufacturing roles as part of a cost-cutting initiative to manage tariff pressure and global economic challenges.

This is a reduction of roughly 15% of its current workforce over the next two years. 

The decision comes amid plans to increase P&G’s profitability, which includes better meeting unserved and under-served consumers and expanding into new segments.

P&G said in a statement:

“As always, employee separations will be managed with support and respect, and in line with our principles and values and local laws. Plans will be implemented over the next two fiscal years, allowing us to appropriately sequence the delivery of important innovation and operational projects. As we do this, our top priority remains delivering balanced growth and value creation to delight consumers, customers, employees, society and shareowners alike.” 

Looking ahead, the scale and timing of these job cuts could influence how P&G balances cost control with its ability to invest in areas such as growth, brand building, and innovation.

Beauty Industry Layoffs

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