The fact that? Procter & Gamble has announced plans to reduce 7,000 jobs and leave selected brands and product categories in the next two years, since it sails with global economic uncertainty and softening consumer demand.
The details Presented at the Deutsche Bank consumer conference, P&G restructuring will affect approximately 6% of its world workforce, 15% of its non -manufacturing roles. The company aims to simplify operations, reduce costs and reallocate resources to its central powers of beauty and personal care, including Olay, Old Spice and Head & Shoulders. P&G encoded tariff pressures, volatile geopolitics and slowdown in spending as key challenges. He has already left selected markets such as Argentina and uninverted brands such as Vidal Sassoon in China as part of his rationalization efforts.
Why? This strategic restart indicates the P&G pivot to prioritize segments of personal care of high margin and high growth while throwing marks and slower performance operations. For the beauty sector, it reflects a broader tendency to focus on the equity and resistance of the brand in the midst of the growing operating costs and the global changing demand.
Fountain: Reuters
