The CPG maker expects to bolster productivity through automation deployed globally in warehouses and manufacturing plants.
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The CPG maker expects to bolster productivity through automation deployed globally in warehouses and manufacturing plants.
Published May 8, 2026
Boxes of Crest toothpaste on a store shelf on Oct. 20, 2020, in Miami. Procter & Gamble, which owns the Crest brand, expects its Supply Chain 3.0 efforts to provide gross savings of up to $1.5 billion in cost of goods sold.
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Procter & Gamble said Thursday it plans to cut 7,000 jobs, about 15% of its workforce, over two years. The company said it's part…
The consumer goods manufacturer aims to blunt the impact by reformulating products and diversifying its supply base.
The cuts will represent 6 percent of its total workforce.
P&G CEO Jon Moeller noted a "challenging consumer and geopolitical environment."
Procter & Gamble topped Wall Street's estimates for its quarterly earnings, but the company's revenue was weaker than expected.
P&G's resurgence is driven not just by the market rotation but also by improving fundamentals.
