The Procter & Gamble Company (NYSE:PG) is included among the 10 Best Recession Proof Dividend Stocks to Buy. Why Procter & Gamble (PG) is a Cornerstone of Recession-Proof Dividend Portfolios The Procter & Gamble Company (NYSE:PG), founded in 1837, has grown into one of the world’s leading producers of household and personal care products, including detergents, diapers, baby wipes, paper towels, shampoos, deodorants, toothpaste, and cleaning supplies. Thanks to decades of investment in marketing and prod ...

Core Viewpoint - Procter & Gamble (P&G) is undergoing significant restructuring, including cutting 7,000 jobs by mid-2027, to address slowing sales and enhance productivity, with a focus on non-manufacturing roles and potential brand divestitures [2][7][5]. Group 1: Job Cuts and Restructuring - P&G plans to cut 7,000 jobs, representing 6.4% of its global workforce of 109,000 employees, primarily targeting non-manufacturing roles [2][5]. - The company aims to reduce jobs outside of its 99 factories worldwide by 15% as part of its restructuring efforts [2]. - The last major restructuring in 2012 involved cutting 5,700 workers, or over 4% of 129,000 employees at that time [8]. Group 2: Sales Performance and Market Strategy - P&G's organic sales growth has been stagnant, with only 1% to 2% growth per quarter since spring 2024, attributed to consumer spending cuts amid inflation and trade tensions [3][4]. - The company is reviewing its markets and product offerings, considering exiting underperforming categories and brands, particularly in international markets [20][21]. - P&G's core markets, including the U.S., China, Japan, Canada, and Western Europe, saw organic sales growth of 2%, while other markets lagged at 1% [20]. Group 3: Leadership Changes - A leadership transition is underway with Shailesh Jejurikar set to become the new CEO in January, which may lead to further executive departures [26][27]. - The restructuring is described as "surgical," focusing on rationalizing product and geographic mixes to enhance operational focus [23]. Group 4: Historical Context and Future Outlook - P&G has a history of significant job cuts and brand divestitures, having cut 37,000 jobs from buyouts and divestitures between 2011 and 2018 [13][12]. - The company is considering selling off brands, although specific details on which brands may be affected remain unclear [18][22].