M-News

P&G To Lay Off 1,600 After Discovering It

P&G to lay off 1,600 after discovering it's free to advertise on Facebook

Jim Edwards. Reality appears to have finally arrived at Procter & Gamble, the world's largest marketer, whose $10 billion annual ad budget has hurt the company's margins.P&G said it would lay off 1,600 staffers, including marketers, as part of a cost-cutting exercise. More interestingly, CEO Robert McDonald finally seems to have woken up to the fact that he cannot keep increasing P&G's...

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