By Natasha Khan

Procter & Gamble said it would cut 7,000 jobs, or roughly 15% of its nonmanufacturing workforce around the world, over the next two years.

The maker of Tide detergent, Pampers diapers and Bounty paper towels had about 108,000 total employees as of June last year.

P&G executives, speaking at a conference in Paris, also said they plan to trim the company's product portfolio, exiting some categories and divesting some smaller brands in certain markets. The company didn't offer specifics on those plans.

P&G in April reported a decline in quarterly sales and lowered its fiscal-year sales forecast, citing consumer uncertainty and a volatile geopolitical environment. To mitigate the impact of tariffs, the company in April said it would consider cutting costs, changing product formulations and raising prices on some items. P&G also faces stiff competition in a battle for market share as shoppers tighten their belts.

P&G's staff cuts are part of a reorganization intended to create a better work structure, with broader roles and smaller teams, the company said. The layoffs aren't for cost-cutting purposes, the company said.

The consumer giant over the past decade has scaled back the number of categories it competes in, homing in on its biggest daily-use products. Last year, for example, P&G sold its Vidal Sassoon hair care brand in China. The company also made divestments of smaller brands in Europe and Latin America in recent years.

Write to Natasha Khan at natasha.khan@wsj.com

(END) Dow Jones Newswires

June 05, 2025 03:30 ET (07:30 GMT)

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