Procter & Gamble is cutting 15%


Procter & Gamble is cutting 15% of its non-manufacturing workforce. The company that makes half the products at your local CVS or Walgreens announced it’s eliminating 7,000 roles as part of a restructuring. P&G said the cuts aren’t a cost-cutting measure, though earlier this year the company admitted it was considering cutting costs after it reported a decline in sales and lowered its annual outlook due to consumer uncertainty. As part of the restructuring, P&G reportedly plans to exit some product categories.