Procter & Gamble Shares Slide on Major Workforce Reduction Plan

Investors reacted negatively to Procter & Gamble’s announcement of a significant cost-cutting initiative, sending the consumer goods giant’s stock lower. The company plans to eliminate 7,000 positions, representing 6.4% of its global workforce, as part of a strategy to achieve $1.5 billion in annual savings by 2026. This drastic restructuring has raised questions about whether the move is a proactive efficiency measure or a reaction to underlying margin pressures.

The market’s response was immediate. Shares declined by 1.26 percent, closing the session at $151.14. From a technical analysis perspective, the price action was notably bearish. The stock fell below all of its key moving averages, a signal interpreted by market experts as confirming a definitive downward trend. Selling pressure was firmly in control.

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