{
  "id": 19236536,
  "title": "PepsiCo to cut some jobs in North America",
  "url": "https://urgent.news/2026/11/09/pepsico-to-cut-some-jobs-in-north-america",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-09T23:00:21.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/consumer-healthcare/pepsico-cut-some-jobs-north-america"
  },
  "original_language": "en",
  "account": "PepsiCo has announced plans to cut some positions within its North American food and beverage division as part of a broader strategy to streamline operations. This decision comes after the company lowered its full-year earnings forecast last month, citing persistent sluggishness, particularly in its beverage segment.\n\nAccording to a letter to employees from PepsiCo North America CEO Ram Krishnan, the job cuts are targeted at enhancing the company's speed, execution, and investment in areas that will drive future growth. Krishnan emphasized, \"The goal is to move faster, execute better, and invest behind the opportunities that will drive our growth.\"\n\nThe cuts are part of PepsiCo's ongoing efforts to boost performance in North America, where it has been grappling with declining soda sales, reduced demand for higher-priced snacks, and increased input costs. Earlier this month, the Wall Street Journal reported that the company intended to eliminate approximately 1,000 positions across its food and beverage operations in North America.\n\nAs of December 27, 2025, PepsiCo employed around 306,000 people globally, with approximately 125,000 working in the United States. The company has been implementing productivity savings as part of a turnaround plan initiated following a significant investment from activist investor Elliott Management, which acquired about US$4 billion worth of shares a year ago. PepsiCo's shares experienced a slight increase of around 1 percent in late trading on Monday.",
  "summary": "The company lowered its full-year earnings forecast last month",
  "key_points": [
    "PepsiCo plans to cut positions in North American division.",
    "Job cuts aim to enhance speed, execution, and growth investments.",
    "Cuts target sluggishness in beverage segment and declining soda sales."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}