PepsiCo to cut around 1,000 jobs in North America
PepsiCo is cutting around 1,000 jobs across its food and beverage division in North America, the Wall Street Journal reported on Monday, citing a letter to employees from PepsiCo North America CEO Ram Krishnan that was reviewed by WSJ.
The job cuts are expected to be implemented over the next week and are aimed at simplifying the company's structure, according to the letter.
Krishnan wrote in the letter: "We will simplify how we operate, better connect teams and strengthen the capabilities we need." He added: "The goal is to move faster, execute better and invest behind the opportunities that will drive our growth."
The company employed about 306,000 people worldwide as of December 27, 2025, including roughly 125,000 people within the United States, according to its 2025 annual report.
PepsiCo did not immediately respond to a Reuters request for comment.
Last month, the Lay's chips maker lowered its full-year earnings forecast after reporting continued softness in North America, particularly in its beverage division, as consumers remained cautious about discretionary spending.
The news comes after the company slashed its full-year organic revenue outlook and announced "structural cost reductions."
