Procter & Gamble layoffs, on the record
Every job cut, severance charge and restructuring Procter & Gamble reported in its annual reports, 2023 to 2026, quoted from the filings. Headcount went from approximately 107,000 to approximately 104,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 107,000 | As of June 30, 2023 |
| 10-K for 2024 | approximately 108,000 | As of June 30, 2024 |
| 10-K for 2025 | approximately 109,000 | As of June 30, 2025 |
| 10-K for 2026 | approximately 104,000 | As of June 30, 2026 |
Job cuts, severance and restructuring
Our summaryP&G ran its ongoing restructuring program in fiscal 2023, with before-tax costs in its usual annual range of $250 to $500 million.
Word for word“In fiscal 2023, the Company incurred before tax restructuring costs within the range of our historical annual ongoing level of $250 to $500 million.” 10-K for 2023
Our summaryThe company recorded total restructuring charges for fiscal 2023 and fiscal 2022.
Word for word“The Company incurred total restructuring charges of $ 329 and $ 253 for the fiscal years ended June 30, 2023 and 2022.” 10-K for 2023
Our summaryRestructuring costs mainly cover employee separation costs, which are severance packages that are mostly voluntary.
Word for word“Employee separation costs relate to severance packages that are primarily voluntary and the amounts calculated are based on salary levels and past service periods.” 10-K for 2023
Our summaryThe company announced a limited market portfolio restructuring of its operations, mainly in certain Enterprise Markets such as Argentina and Nigeria, and expects incremental after-tax charges, mostly non-cash currency translation losses.
Word for word“In December 2023, the Company announced a limited market portfolio restructuring of its business operations, primarily in certain Enterprise Markets, including Argentina and Nigeria, to address challenging macroeconomic and fiscal conditions.” 10-K for 2024
Our summaryThe company reported its total restructuring costs for fiscal 2024, including a non-cash currency translation charge from substantially liquidating operations in certain markets including Nigeria.
Word for word“In fiscal 2024, the Company incurred before tax restructuring costs of $659 million, which include foreign currency translation losses recognized as a non-cash charge of approximately $216 million due to the substantial liquidation of operations in certain Enterprise Markets, including Nigeria.” 10-K for 2024
Our summaryThe company said it has historically run an ongoing restructuring program, including manufacturing and workforce optimization, with a normal annual spending range.
Word for word“The Company has historically incurred an ongoing annual level of restructuring-type activities to maintain a competitive cost structure, including manufacturing and workforce optimization.” 10-K for 2024
Our summaryThe company announced a portfolio and productivity plan to streamline its portfolio and organization, with restructuring costs expected over two years.
Word for word“The Company expects to incur approximately $1.5 to $2.0 billion in before-tax restructuring costs over a two-year period, including costs incurred as part of this plan and the ongoing plan.” 10-K for 2025
Our summaryThe restructuring plan includes cutting up to 7,000 non-manufacturing overhead jobs by the end of fiscal 2027.
Word for word“These restructuring activities include a plan for a reduction of up to 7,000 non-manufacturing overhead personnel by the end of fiscal 2027.” 10-K for 2025
Our summaryThe company completed its limited market portfolio restructuring by substantially liquidating its Argentina operations, recording mostly non-cash charges.
Word for word“During the period ended September 30, 2024, the Company completed this limited market portfolio restructuring with the substantial liquidation of its operations in Argentina and recorded incremental restructuring charges of $801 million after tax, comprised primarily of non-cash charges for accumulated foreign currency translation losses previously included in Accumulated other comprehensive income/(loss).” 10-K for 2025
Our summaryThe company recorded incremental after-tax restructuring charges under the two-year portfolio and productivity plan in fiscal 2026.
Word for word“In fiscal 2026, the Company incurred incremental restructuring charges of $903 million after tax under the program.” 10-K for 2026
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2016-06-30 | $977 million | — | $619 million |
| 2017-06-30 | $754 million | — | $395 million |
| 2018-06-30 | $1.07 billion | — | $468 million |
| 2019-06-30 | $754 million | — | $547 million |
| 2020-06-30 | $782 million | — | $778 million |
| 2021-06-30 | $330 million | — | $524 million |
| 2022-06-30 | $253 million | — | $384 million |
| 2023-06-30 | $329 million | — | $302 million |
| 2024-06-30 | $659 million | — | $667 million |
| 2024-09-30 | — | $1.2 billion | — |
| 2025-06-30 | $1.11 billion | — | $1.09 billion |
Procter & Gamble has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Procter & Gamble’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-08-04. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.