Procter & Gamble slashing 7K jobs, exiting brands as tariffs roil consumer goods giant

Procter & Gamble will cut 7,000 jobs over the next two years, as the Tide detergent maker contends with an uncertain spending environment, fueled in part by US tariffs that have roiled numerous consumer companies.The world’s largest consumer goods company also plans to exit some product categories and brands in certain markets, including some potential divestitures, as part of the broader two-year restructuring plan.“This is not a new approach, rather an intentional acceleration of the current strategy … to ...