By 2027 Procter & Gamble (P&G) intends to trim its global workforce by 15 per cent, which will reportedly impact 7,000 non-manufacturing employees. The aim is to make the organisation more efficient and profitable.
The company that is known for popular skin care, healthcare, beauty, personal grooming and baby care products, had about 1.08 lakh people in its workforce around this time last year, that is, in 2024.
The decision to cut jobs may have stemmed from the drop in quarterly sales witnessed in April. To handle tariffs, the company has been contemplating cost cuts. It has also been looking at improving its product range by phasing out certain offerings, revising prices and focusing more on certain brands. For instance, P&G has started pushing its highly sought after daily-use products of late, shifting focus from other categories. As part of its efforts to streamline the business, it has divested smaller brands in Europe and Latin America.
In a bid to better position itself amidst rising competition, P&G is also reorganising internally to improve the work structure, broaden roles and function with more compact teams.
Realising that consumers are seeking convenience at every level, the company has also been studying and investing in the quick commerce space. It is entering into customer partnerships and creating a favourable supply chain model so that qcom can grow at a faster rate.
