{"id":501,"date":"2025-06-05T11:59:26","date_gmt":"2025-06-05T11:59:26","guid":{"rendered":"http:\/\/www.agencywebdesigners.com\/?p=501"},"modified":"2025-06-05T14:27:25","modified_gmt":"2025-06-05T14:27:25","slug":"pampers-maker-procter-gamble-to-cut-up-to-7000-jobs-as-companies-are-buffeted-by-higher-costs","status":"publish","type":"post","link":"http:\/\/www.agencywebdesigners.com\/index.php\/2025\/06\/05\/pampers-maker-procter-gamble-to-cut-up-to-7000-jobs-as-companies-are-buffeted-by-higher-costs\/","title":{"rendered":"Pampers maker Procter & Gamble to cut up to 7,000 jobs as companies are buffeted by higher costs"},"content":{"rendered":"

By MICHELLE CHAPMAN, Associated Press Business Writer<\/strong><\/p>\n

Procter & Gamble will cut up to 7,000 jobs over the next two years as the maker of Tide detergent and Pampers diapers implements a restructuring program at a time when tariffs are raising costs for American companies and consumers are growing anxious about the economy.<\/p>\n

\"Bottles
FILE \u2013 In this April 27, 2011 file photo, bottles of Procter & Gamble\u2019s Tide detergent are on display at a Target store in Richmond, Va. (AP Photo\/Steve Helber, File)<\/figcaption><\/figure>\n

The job cuts, announced at the Deutsche Bank Consumer Conference in Paris on Thursday, make up approximately 6% of the company\u2019s global workforce, or about 15% of its nonmanufacturing positions, said Chief Financial Officer Andre Schulten.<\/p>\n

\u201cThis restructuring program is an important step toward ensuring our ability to deliver our long-term algorithm over the coming two to three years,\u201d Schulten said. \u201cIt does not, however, remove the near-term challenges that we currently face.\u201d<\/p>\n

Procter & Gamble<\/a>, based in Cincinnati, had approximately 108,000 employees worldwide in June 2024.<\/p>\n

The cuts are part of a broader restructuring program. Procter & Gamble will also end sales of some of its products in certain markets. Procter & Gamble said it will provide more details about that in July.<\/p>\n

Like many companies, Procter & Gamble is dealing with American consumers who are worrying about their spending as they keep an eye on inflation.<\/p>\n

U.S.\u00a0consumer sentiment<\/a>\u00a0fell slightly in May for the fifth straight month, surprising economists. The preliminary reading of the University of Michigan\u2019s closely watched consumer sentiment index declined 2.7% on a monthly basis to 50.8, the second-lowest level in the nearly 75-year history of the survey. The only lower reading was in June 2022. Since January, sentiment has tumbled nearly 30%.<\/p>\n