Procter & Gamble (P&G) plans to cut its global workforce by 15% by 2027, affecting approximately 7,000 non-manufacturing employees. This move aims to boost organisational efficiency and profitability.
Known for its wide range of skincare, healthcare, beauty, personal grooming, and baby care products, P&G had around 108,000 employees worldwide as of 2024. The decision to reduce headcount follows a decline in quarterly sales reported in April, prompting the company to consider cost-cutting measures, including tariff management.
To sharpen its focus, P&G is revising its product portfolio by phasing out less profitable offerings, adjusting prices, and concentrating on high-demand daily-use products. It has also divested smaller brands in Europe and Latin America as part of this streamlining effort.
Additionally, P&G is reorganising internally to create more agile, compact teams with broader roles and improved work structures to better navigate rising market competition.
Recognising consumer demand for convenience, the company is investing in the quick commerce (qcom) space by forging customer partnerships and developing an efficient supply chain model aimed at accelerating growth in this area.
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