BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Procter & Gamble Cuts 7,000 Jobs Amid Trump Tariffs and Consumer Demand Challenges
Procter & Gamble Cuts 7,000 Jobs Amid Trump Tariffs and Consumer Demand Challenges
16
2
Consumer goods giant Procter & Gamble announced plans to eliminate 7,000 non-manufacturing jobs over the next two years, citing wavering consumer demand and increased costs from Trump-era tariffs. The cuts represent 15% of its global non-manufacturing workforce.
The company—known for brands like Gillette, Pampers, and Head & Shoulders—faces rising expenses for raw materials and finished goods imported from China. P&G warned of potential price hikes and demand erosion as tariffs take effect.
Shares have declined 6% over the past six months, reflecting broader operational pressures. The firm also plans to streamline its product portfolio, though specific brand exits remain undisclosed.
By:
Previous
CrowdStrike Stock Drops Nearly 6% After Bank of America Downgrade
Next
Cudis Wellness Launches $CUDIS Ring Token Amid Market Speculation
