The consumer goods giant Procter & Gamble said on Thursday that it would cut 7,000 jobs globally over the next two years, or 6 percent of its total work force, as it seeks to reorganize amid uncertainty caused by President Trump’s trade war.
The company, which makes products like Tide laundry detergent and Pampers diapers, said at a conference in Paris that the job cuts would be combined with plans to shed brands to streamline its portfolio.
Executives did not specify which brands would be eliminated or where the job reductions would be made, but said the cuts would eliminate 15 percent of the company’s nonmanufacturing work force.
“We see more opportunities to make roles broader and teams smaller,” Andre Schulten, the company’s chief financial officer, said at the conference. It had about 108,000 jobs worldwide as of June 2024.
Procter & Gamble, which is based in Cincinnati, has struggled with falling demand as consumers have remained cautious after Mr. Trump announced tariffs on America’s top trading partners in April. Last month, the company lowered its sales and profit guidance for 2025.
Mr. Schulten said the uncertainty caused by tariffs, along with geopolitical tensions including conflicts in the Middle East and Ukraine, had created headwinds for the company.
Other companies, including General Motors and Target, have also reduced or withdrawn their earnings guidance recently, and some have also announced layoffs. On Thursday, Citigroup said it would cut approximately 3,500 technology jobs in Shanghai and Dalian in China as part of a broader consolidation plan, but it did not give a reason.
Procter & Gamble’s share price, which has dipped slightly over the last year, inched up 0.25 percent in premarket trading after the changes were announced.
Gregory Schmidt is a Times business editor overseeing coverage of the European economy. He is based in London.
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