PepsiCo is next to lay off its workers!
Snacks and beverages giant, Pepsi will soon trim its staff in North America!
PepsiCo employed about 129,000 people in the U.S. as of Dec. 25 last year.
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PepsiCo to Lay Off Hundreds of Workers in Headquarters Roles!!
via @WSJ #layoffs #inflation https://t.co/nKrt7xzv0s— The_Journalbiz (@the_journalbiz) December 6, 2022
Pepsi to to reduce staff at HQ
Negative trend continues as PepsiCo is laying off workers at the headquarters of its North American snacks and beverages divisions, a signal that corporate belt-tightening is extending beyond tech and media, according to documents reviewed by The Wall Street Journal.
Hundreds of jobs will be eliminated, one of the people said. The cuts affect the company’s North America beverage business, which is based in Purchase, N.Y., and its North America snacks and packaged-foods business, which has headquarters in Chicago and Plano, Texas, the people said.
In a memo sent to staff that was viewed by the Journal, PepsiCo told employees that the layoffs were intended “to simplify the organization so we can operate more efficiently.” The cuts will be heavier in the beverage business because the snacks unit already has trimmed positions with a voluntary retirement program, the people said
After reporting a jump in quarterly sales and profits, PepsiCo executives in October said they were cutting costs to offset the pressure on profit margins and to weather what appeared to be worsening macroeconomic conditions.
PepsiCo makes Doritos, Lays potato chips and Quaker Oats, along with its namesake cola.
As of Dec. 25 last year, PepsiCo employed about 309,000 people worldwide, including about 129,000 people in the U.S.
