Technology

P&G to Cut 1,600 Jobs, Bank on Digital for Long-term Savings

January 27, 2012 05:00 PM

Facing flat market shares and growing investor pressure to cut costs, Procter & Gamble Co.plans to eliminate about 1,600 "overhead" or nonmanufacturing jobs, including some in marketing, and is banking on digital marketing to help contain media spending long-term, executives said on the company's earnings conference call today.

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