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Procter & Gamble (P&G), the maker of Tide and Pampers, announced plans to cut up to 7,000 jobs (6% of its workforce) over the next two years. This restructuring, impacting mainly non-manufacturing roles, aims to address tariff costs and weakened consumer spending due to economic anxieties. The cuts represent 15% of P&G's current non-manufacturing workforce. Additional product discontinuations in specific markets are also planned, with further details to be released in July.

Prepared by Christopher Adams and reviewed by editorial team.