P&G and Colgate-Palmolive also focus on margin improvement With the return of CEO A.G. Lafley, Unilever's competitor Procter & Gamble also expects a lot of improvement in its operating performance. One of the key drivers behind P&G's operating performance will be $10 billion in cost-saving programs, including $2 billion in overhead savings and market efficiencies, $2 2 billion in operating leverage, and around $6 billion in COGS savings. Since 2012, the company has cut 7,000 office jobs as a part of its cost-saving program. A.G. Lafley will also reduce support staff in emerging markets and shrink factories in developed markets, including the U.S. and Eastern Europe.