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P&G may trim headcount

This article was originally published in The Tan Sheet

Executive Summary

Procter & Gamble plans to maintain or slightly decrease current staffing levels in the foreseeable future to promote cost-savings, Chairman and CEO A.G. Lafley reports during a Feb. 21 presentation at the Consumer Analysts Group of New York Conference. "We're cutting the number of expats in half and reducing staffing by 15 percent at the general manager level and above," Lafley notes. "This will reduce the average cost-per-person." Additionally, the company continues to reduce distribution centers globally and aims to eliminate duplication between organizations, with the goal of eliminating 10 percent to 20 percent of initiative development effort among teams...
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