June 5 (UPI) -- Procter & Gamble said Thursday it plans to cut 7,000 jobs as part of a plan it said aims to accelerate growth.
The company said the cuts will take place over the next two years and represent 15% of its non-manufacturing workforce.
"In Fiscal 2026, we'll begin a 2-year effort to accelerate P&G's growth and value creation. These changes across our portfolio, supply chain and organization are designed to unlock significant opportunities for stronger delivery of P&G's integrated growth strategy," the company said in a statement.
Procter & Gamble said the workers losing their jobs will be "managed with support and respect, and in line with our principles and values and local laws."
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