{
  "id": 19342913,
  "title": "PepsiCo layoffs: 1,000 jobs reportedly slashed as CEO pushes soda giant to ‘be faster’ and ‘more capable’",
  "url": "https://urgent.news/2026/11/10/pepsico-layoffs-1-000-jobs-reportedly-slashed-as-ceo-pushes-soda",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-10T13:27:00.000Z",
  "source": {
    "name": "Fast Company",
    "slug": "fast-company",
    "url": "https://www.fastcompany.com/91639302/pepsico-layoffs-today-jobs-slashed-ceo-wants-to-move-faster"
  },
  "original_language": "en",
  "account": "In November, PepsiCo, the soft drink giant, announced plans to cut around 1,000 jobs in North America. PepsiCo CEO Ram Krishnan wrote to employees, stating that the company's goal is to \"build a stronger, more future-fit business that delivers industry-leading growth\" in North America. Krishnan explained that the layoffs are necessary to \"be faster, more connected, and more capable\" while continuing to invest in growth, people, capabilities, and brands. The layoffs will affect Pepsi's North American workforce, which numbers approximately 125,000 positions in the United States. Worldwide, Pepsi employs about 306,000 people. Despite a positive Q3 2026 financial result, with net revenue increasing 5.6% and operating profit rising 19%, the North American market has underperformed. The company's North American food division saw flat volume, while its beverage business volume declined by 2%. Consequently, Pepsi revised its core earnings per share expectations for the full 2026 fiscal year, lowering them from 5% to 7% to 2.5% to 3.5%. Pepsi's stock price has been declining since early 2026, starting the year with a 20% increase, but now trading at $141, a decrease of 1.1% for the year. Unlike the broader S&P 500, which is up over 10% during the same period, Pepsi's stock price has not shown the same recovery following the announcement of the job cuts.",
  "summary": "November has already been a tough month for layoffs. In the tech sector, numerous big-name companies, including Amazon, Block, and Squarespace, have already cut roles or are planning to. But workplace reductions are not limited to just tech. Yesterday, soft drink giant PepsiCo, Inc. (Nasdaq: PEP) reportedly announced that it will lay off around 1,000 employees in North America as sales in the…",
  "key_points": [],
  "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."
}