Procter & Gamble will cut up to 7,000 jobs over the next two years as the maker of Tide detergent and Pampers diapers implements a restructuring program at a time when tariffs are raising costs for American companies and consumers are growing anxious about the economy.

The job cuts, announced at the Deutsche Bank Consumer Conference in Paris on Thursday, make up approximately 6 percent of the company's global workforce, or about 15 percent of its non-manufacturing positions, said Chief Financial Officer Andre Schulten.

"This restructuring program is an important step toward ensuring our ability to deliver our long-term algorithm over the coming two to three years," Schulten said. "It does not, however, remove the near-term challenges that we currently face."

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