The company, which makes Tide laundry detergent and Pampers diapers, offered a bare outline of the plan but promised more details later this summer.

Procter & Gamble is slashing up to 15% of its non-manufacturing positions over the next two years as part of a broader restructuring effort. The cuts will affect up to 7,000 roles.

Procter & Gamble said Thursday it plans to cut 7,000 jobs, about 15% of its workforce, over two years. The company said it's part of a plan to accelerate growth.