PepsiCo to Cut some Jobs in North America
Ram Krishnan said the company will streamline operations and speed decisions as weak North America beverage sales and snack market share pressure persist.
- PepsiCo Inc. is eliminating about 1,000 roles in North America as it seeks to simplify its organizational structure, the company confirmed on Nov 9.
- Weakness in the North America beverage division and lost market share for salty snacks preceded the move, following a recent contract loss with KFC's United States restaurants to Coca-Cola.
- North America CEO Ram Krishnan wrote in a Nov 9 memo that "too much of how we work today remains complex and fragmented," citing need for faster decision-making.
- Over the coming week, the firm will implement organizational changes to streamline operations and better connect teams across its North American business, aiming to deliver future-fit growth.
- PepsiCo employs roughly 125,000 people in the United States, though its stock has fallen nearly 1% this year, lagging behind broader market gains of nearly 11%.
22 Articles
22 Articles
PepsiCo is cutting about 1,000 jobs in North America as the food and beverage giant tries to turn around weak sales in its home market. The cuts are aimed at streamlining operations and increasing efficiency at a time when the company's results have fallen short of expectations, CNBC reported.
PepsiCo has decided to eliminate about a thousand jobs in North America to simplify the organizational structure, Bloomberg writes. The company plans to restructure against the background of problems in the North American division, Bloomberg writes. "We have the capacity to simplify our structures, clarify responsibilities and make faster decisions," stated CEO PepsiCo in North America, Ram Krishnan. The pressure for the corporation increased du…
PepsiCo plans to cut about 1,000 jobs in North America as part of a restructuring of its food and beverage business. The changes are expected to be implemented next week, Bloomberg Law reported. Reuters also reported the company’s intentions, citing information from the Wall Street Journal. The cuts are part of a plan to simplify PepsiCo’s organizational structure in the region. Ram Krishnan, CEO of the North American division, sent a memo to em…
Business Times
PepsiCo to cut 1,000 jobs in North America
The company lowered its full-year earnings forecast last month Read more at The Business Times.
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