Dividend investors are likely closely watching Procter & Gamble’s (PG) decision to cut 7,000 jobs, a move that’s sending ripples through the consumer goods sector. This comes at a time when consumer confidence is notably low.
P&G isn’t the only one facing tough choices. Companies like Microsoft (MSFT), Disney (DIS), and Walmart (WMT) have also recently announced layoffs as they deal with sluggish consumer spending and rising costs. The Congressional Budget Office is warning that President Donald Trump’s new tariffs could make things worse by pushing inflation higher and reducing household purchasing power. These tariffs are expected to cost P&G up to $600 million before taxes in fiscal 2026, which is a big reason why the company is moving quickly to streamline operations and cut expenses.
