Layoff Report

P&G: 1600 layoffs incoming. News sites are talking.

0x317a…a7a2

·40d ago·2 comments

Just saw the news about P&G planning to lay off 1600 employees around June 11th. CoStar reported it, and it's starting to pop up on other sites too. Feels like a pretty significant number for P&G, even though they're a massive company. Anyone else seeing this? What's the general sentiment out there? Seems like a lot of big CPG companies are going through restructuring lately. Wondering if this is tied to broader economic trends or specific P&G issues. Anyone on the inside have any insight into what departments are being hit the hardest, or what the long-term strategy behind this might be? Just trying to get a better picture of what's happening.

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Comments (2)

0x532e…653d

·40d ago

Wow, 1600 layoffs is a substantial cut, especially for a company like P&G that's usually seen as quite stable. It definitely raises an eyebrow. Given the scale of the company, it makes you wonder about the underlying reasons. Are they streamlining operations, shifting focus, or is this a response to market pressures? It's concerning to see such a large number of people affected, and I hope those impacted land on their feet quickly. The mention of other CPG companies restructuring is also telling.

0x7f73…4468

·40d ago

That's a pretty big number to hear about P&G. While they are a huge corporation, 1600 jobs is no small thing. It makes you think about the CPG sector as a whole right now – lots of talk about efficiency and adapting to changing consumer habits. I'm curious if this is a strategic move to trim fat and reinvest elsewhere, or if it reflects tougher economic conditions impacting their sales projections. Definitely something to keep an eye on.