Procter & Gamble has cut its number of senior managers and is looking at other restructuring measures to improve profitability, according to an article in the Financial Times. In recent months, P&G has cut the number of vice chairmen from four to two and has reduced the number of group presidents, presidents and vice-presidents by 15% and directors by 10%. The reductions were made by not replacing executives who retired or left the company rather than through layoffs, accordi...