Core Viewpoint - Procter & Gamble announced plans to cut up to 7,000 non-manufacturing jobs over the next two years, representing approximately 15% of such positions, as part of a restructuring effort to ensure the implementation of its strategic goals for the next two to three years [1] Group 1: Job Cuts and Restructuring - The job cuts will focus on non-manufacturing roles, with the company’s CFO stating that this restructuring is crucial for future growth and value creation [1] - Procter & Gamble aims to accelerate growth and create value by focusing on product portfolio, supply chain, and organizational structure starting from fiscal year 2026 [1] Group 2: Financial Impact - The company anticipates that tariffs will lead to price increases for its products starting in the second half of this year, with an expected pre-tax loss of $600 million due to tariffs in fiscal year 2026 [1]

Group 1 - Procter & Gamble plans to cut up to 7,000 non-manufacturing jobs over the next two fiscal years, representing about 15% of such positions [1] - The layoffs are expected to incur a pre-tax cost of between $1 billion and $1.6 billion [1] - As of June 30, 2024, Procter & Gamble has approximately 108,000 employees [1] Group 2 - The company aims to accelerate growth and value creation starting from fiscal year 2026, focusing on business portfolio, supply chain, and organizational design [1] - Procter & Gamble will exit certain categories, brands, and products, with more details to be provided in the coming months [1] - The company plans to adjust production scale and locations to enhance efficiency, accelerate innovation, and reduce costs [1] Group 3 - CFO Andre Schulten stated that the restructuring is a crucial step to implement algorithms in the next two to three years, but challenges remain [2] - Procter & Gamble will raise prices starting in the second half of the year due to tariff impacts, which are expected to reduce earnings per share by 3 to 4 cents in the second quarter [2] - The company anticipates a pre-tax impact of $600 million from tariffs in fiscal year 2026 [2] Group 4 - Procter & Gamble's stock opened lower on June 5, with an early decline of over 1% [4]