Cincinnati-based consumer packaged goods giant Procter & Gamble announced that it would eliminate 7,000 jobs over the next two years as it contends with costs associated with the tariffs imposed by the administration of President Donald Trump and consumer anxiety.

The cuts—which represent close to 6% of the company’s global workforce and 15% of its non-manufacturing workforce—were announced by chief financial officer Andre Schulten during the Deutsche Bank Consumer Conference in Paris on Thursday.

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

With an employee base of nearly 108,000 around the world, P&G is known for making popular household and personal products including Tide, Gain, Pampers, Bounty, Crest, Always, Gillette, and Febreze.

The just-announced cuts will be part of a broader restructuring program the company is undertaking, which includes ceasing production in specific markets and dropping certain brands altogether.

AP also reported that the company indicated during a conference call in April that it will likely have to raise prices on its products as it deals with the Trump-imposed tariffs, which affect its raw and packaging materials, as well as some finished products coming from China.

To counter the impact of the tariffs, P&G said it will examine sourcing options and implement productivity improvements.