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In early 2001, P&G announced layoffs estimated to affect 15,000 employees. How is this Socially Responsible?

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In early 2001, P&G announced layoffs estimated to affect 15,000 employees. How is this Socially Responsible?

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P&G, like every other successful company, must change its work processes in line with advances in technology, infrastructure, organizational and other developments to remain competitive, and this can involve a surplus of people in some locations. When this happens, P&G is guided by its long-standing principles of fairness, respect for individuals and working together with the people involved on the basis of trust.

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