Procter & Gamble will cut around 7,000 jobs, 6% of its global workforce, over the next two years to reduce costs amid rising US tariffs and softening consumer demand. The plan includes cutting non-manufacturing roles, exiting low-growth brands, and implementing price increases. P&G expects pre-tax charges of $1–1.6 billion and anticipates a $600 million tariff impact in FY 2026.