PepsiCo Eliminates Some Roles in North American Business
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PepsiCo Inc. is eliminating some corporate roles as well as jobs in its U.S. foods divisions, the company said.
The steps will make the company “more efficient and consumer-centric” in North America, a PepsiCo spokesperson said in a statement. It’s also part of a multiyear plan that began last year “to drive growth and better meet the rapidly evolving needs of our customers and consumers.” U.S. beverages was one of the first divisions to be impacted.
The company declined to say how many employees were impacted.
PepsiCo ranks No. 2 on the Transport Topics Top 100 list of the largest private carriers in North America. PepsiCo Foods North America ranks No. 4 on the top food service carriers list, and PepsiCo Beverages North America ranks No. 1 on the top beverage carriers list.
The layoffs aren’t related to the plans to retire workforce representation targets, according to the company. PepsiCo joins a number of U.S. companies in retreating from DEI-related initiatives and targets amid pressure from the government and conservative activists.
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The maker of Lay’s potato chips and Mountain Dew soft drinks reported sluggish sales for the company’s most recent quarter earlier this month. It’s looking to rebound by offering a greater variety of package sizes and expanding its range of healthier snacks.
PepsiCo shares were little changed in New York trading on Feb. 21. The stock has declined almost 2% so far this year, trailing the 3.7% gain of the S&P 500 Index.
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