Thread regarding Procter & Gamble Co. layoffs

Procter & Gamble is one of the best companies on the planet - it's well managed and it is making money in billions - I would recommend P&G to...

Procter & Gamble is one of the best companies on the planet - it's well managed and it is making money in billions - I would recommend P&G to any college graduate, new joiner program is great and you can really develop your career here. I will not lie and say that P&G does not do layoffs, we are, but at the same time we do hire thousands of people every year and the company has tens of thousands of people so occasional reductions do take place. Also, if you look at all money that we invest in research and development you will notice that we have hundreds of products in the pipeline and we constantly acquire companies and products. Sometimes as we acquire companies, there are redundancies in workforce and this needs to be balanced, so some folks may get laid off. I would strongly recommend that you check out our website and see hundreds of open positions there. Good luck...

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Procter the company now said it is ahead of schedule to achieve this.

Speaking publicly for the first time since he became chief executive Nov. 1, David Taylor admitted to a room full of analysts that the company has not met expectations.

Moeller said P more digital advertising, which is generally less expensive that television; and smarter TV buys, company officials said.

Pantene's recent I Got a Dad-Do received 1.8 billion impressions from social media, Taylor said. The ad ran during the Super Bowl, but only in selected markets, not nationally.

Taylor pledged to transform P&G's culture to improve company results. In the past, the company has groomed rising talent with a succession of rotating assignments in different business units, which resulted in parts of the operation being run by less-experienced managers.

He pledged to slow that down to increase institutional memory and talent. Within the company has been a perception that young, talent managers needed to move around during their first decade with the company to get ahead, he said.

"It's a misnomer," Taylor said. "I spent my first 17 years in one category and I did just fine."

To fill more roles, Taylor said P&G will emphasize hiring outside talent as needed. While the company's promote-from-within is legendary, he noted the company has for years brought in experienced talent to staff legal, technical and tax positions.

P&G's over-the-counter health-care unit has staff that didn't begin their careers at P&G, he said.

Further, Taylor said P&G will adjust bonus pay, tailoring compensation to specific business-unit goals to motivate improved performance.

P&G is in the midst of closing multiple deals to sell off or exit nearly 100 brands, intended to focus on core businesses.

The company's sale of Duracell batteries is expected to close by April. Later this year, 43 P&G beauty brands, including CoverGirl makeup, Wella shampoo and Clarol Nice 'n Easy hair coloring, will split from P&G and merge with New York's Coty.

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