PepsiCo to cut 1,000 jobs in North America
The company lowered its full-year earnings forecast last month
PepsiCo announced it will be cutting 1,000 jobs in its North American food and beverage division as part of a strategy to streamline the unit. The decision was disclosed in a letter to employees from PepsiCo North America CEO Ram Krishnan, obtained by Reuters. Krishnan stated that the goal is to increase speed, improve execution, and invest in opportunities that will drive growth.
The job cuts are expected to occur over the following week. PepsiCo's earnings forecast was lowered last month due to continued sluggishness in the North American market, particularly in soda sales, weaker demand for higher-priced snacks, and higher input costs. The cuts come as PepsiCo aims to revive growth in North America. The company employs around 306,000 people worldwide, with approximately 125,000 in the United States, as of December 27, 2025.
PepsiCo has been implementing productivity savings as part of a turnaround effort following a significant investment from activist investor Elliott Investment Management, which acquired about $4 billion worth of shares a year ago. PepsiCo's stock rose by about 1 percent in late trading on Monday.
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