Procter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce, over the next two years as the maker of Tide detergent and Pampers diapers implements a restructuring program amid an environment dealing with trade wars and customers anxious about the economy.

Procter & Gamble (PG) announced on Thursday that it will cut 7,000 jobs over the next two years and divest certain brands as part of a restructuring program. P&G’s shares were up 0.15% in Thursday’s pre-market trading session.