Procter & Gamble slashes 7,000 jobs amid legal battles and stock struggles
Procter & Gamble is cutting around 7,000 jobs as part of a major restructuring plan. The company also faces legal trouble after a class-action lawsuit accused it of misleading consumers about product safety. Meanwhile, its stock price has struggled since last year's highs, raising questions about its near-term outlook.
The consumer goods giant is dealing with a lawsuit over alleged lead contamination in some of its tampons. Plaintiffs claim the company failed to warn customers about potential risks. This legal challenge adds pressure as Procter & Gamble works through broader operational changes.
The job cuts, lawsuit, and stock performance highlight a period of uncertainty for Procter & Gamble. With a new CEO set to arrive in early 2026, the company's next steps will be closely watched. Investors are now monitoring whether the AAPL stock can hold its current support level or face further declines.
