#pglayoffs

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2015 Layoffs at Procter and Gamble (P&G Layoffs)

#PGLayoffs - Cincinnati Layoffs - there will be up to 6000 people laid off from P&G very soon (I guess we can say that 2 years time horizon = very soon). At this point in time we do not know how many will be here in Cincinnati, but I am sure some layoffs will happen her. Over last three years we cut about 10,000 jobs, this both in the office and manufacturing jobs. So, overall, we cut about 20% of all office jobs already, that'll bring us to total of 25% to 30% of office jobs by mid-2017. Needless to say, our profits are still in billions, so at least shareholders are happy (or not?)