Procter & Gamble Announces Sweeping Restructuring and Leadership Transition

Consumer products behemoth Procter & Gamble is embarking on a comprehensive corporate overhaul, a strategic shift that involves significant workforce reductions, a forthcoming change in executive leadership, and a critical review of underperforming business segments. This decisive action aims to revitalize the company’s operational efficiency and market performance.

The transformation plan carries substantial financial implications, with Procter & Gamble preparing to eliminate approximately 6% of its global workforce. This translates to roughly 7,000 positions out of the company’s 108,000 employees worldwide. The restructuring will disproportionately affect non-manufacturing roles, which are expected to see reductions amounting to 15% in relevant departments.

Beyond personnel changes, the corporation is conducting thorough evaluations of its market presence and product portfolio. This includes potential exits from... Read more...