PepsiCo to sack hundreds of employees to simplify the organisation
Pepsi maker PepsiCo will sack hundreds of workers at the headquarters of its North American snacks and beverages verticals. These terminations will take place at the company’s North American beverage business based in Purchase, New York, and, the North American snacks and packaged-foods business headquarters in Chicago and Texas respectively.
According to a memo accessed by The Wall Street Journal, the food and beverages bellwether said that these layoffs are “to simplify the organisation so we can operate more efficiently.”
More staff will be sacked in the beverages business compared to the snacks vertical. The reason behind the same is that the snacks vertical has trimmed positions with a voluntary retirement program, as per the WSJ.
PepsiCo, the food and beverages giant, that also makes Doritos nachos, Lays potato chips, and Quaker Oats, employed around 309,000 people worldwide, including around 129,000 people in the US.