Procter & Gamble plans to cut 7,000 jobs by mid-2027 in an effort to reinvigorate growth. The company is targeting nonmanufacturing roles globally, sparing workers in its 99 factories, but reducing jobs outside of plants by 15%. P&G is considering cutting back product offerings and possibly selling off brands. The restructuring comes after a year of declining sales growth and pressure from activist investors. The company aims to accelerate sales with new product innovations, funded by the job cuts. The incoming CEO, Shailesh Jejurikar, emphasizes the need to invest in growth and productivity.

Read more at Yahoo Finance: Buyouts, brand sales and a CEO shakeup