12/06/2022

Report States PepsiCo to Cut Hundreds of Corporate Jobs

The layoffs are meant to simplify the organization, improve efficiency

PepsiCo is cutting hundreds of corporate jobs at its North American snacks and beverage divisions, according to a news report, making it the latest large employer to scale back its white-collar workforce.

It is also a sign that big layoffs have extended beyond the tech and media sectors as companies brace for a tighter economic environment, The Wall Street Journal reported, citing people familiar with the matter and internal documents.

Some of the country’s largest employers, including Walmart, Amazon and Facebook's parent company Meta, have recently slashed thousands of white-collar jobs. That is on top of heavy job reductions in the media world, including CNN and Gannett newspapers. (Amazon founder Jeff Bezos owns The Washington Post.)

Please select this link to read the complete article from The Washington Post.