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Procter & Gamble Plans to Slash ~7,000 Jobs Globally in Next 2 Yrs
Procter & Gamble (PG.US) announced plans to slash approximately 7,000 jobs globally over the next two years, representing about 6% of its total positions or roughly 15% of non-...
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Procter & Gamble (PG.US)      announced plans to slash approximately 7,000 jobs globally over the next two years, representing about 6% of its total positions or roughly 15% of non-manufacturing positions.

This round of layoffs is part of the company's restructuring plan aimed at establishing a more rational work structure, with broader job responsibilities and smaller team sizes, the company explained. The planned adjustments to its product portfolio will also help the company optimize its supply chain to reduce costs.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsADP Employment Change for May in United States is 37K, lower than the previous value of 62K. The forecast was 115K.

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