The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith discusses topics across the investing world.

In today's edition, Austin talks about the recent job cuts at Procter & Gamble, and what they mean for the long-term investor. P&G is a company that's far more well known for its employee retention than its employee releasing. But ultimately this could spell long-term success for the buy-and-hold investor. The most recent wave of job cuts echoes the 2005 restructuring at the company, and since then the consumer goods giant has outperformed the index by 20 points.

Austin Smith has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Procter & Gamble and Unilever. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.