PepsiCo To Cut Around 1,000 Jobs Amid Restructuring Plans
PepsiCo to lay off about 1000 employees from its North American operations. The company employs about 125,000 people in the US.
PepsiCo reportedly plans to lay off about 1,000 employees across its North American operations as it works to build a “future-fit” business, according to media reports. Ram Krishnan, CEO of PepsiCo North America, announced the planned job cuts in a letter to employees on Monday.
“We have a clear ambition for PepsiCo North America: to build a stronger, more future-fit business that delivers industry-leading growth. To do that, we need to be faster, more connected, and more capable, while continuing to invest in growth – behind our people, capabilities and brands,” Krishnan said.
According to a CNBC report, the changes are expected to affect around 1,000 employees across PepsiCo’s North American operations over the next week. The company has 306,000 employees worldwide, including approximately 125,000 in the United States, according to the reports.
PepsiCo has not confirmed the exact number of employees who will be affected or identified the functions and teams facing job cuts.
The planned layoffs follow PepsiCo’s third-quarter results, released on October 8. In the earnings statement, Chairman and CEO Ramon Laguarta said the company was “acting with urgency to improve” its performance in North America sustainably.
Laguarta said this would involve “more investments in innovation, effective brand building, and sharper marketplace execution by channel.”
“Additional structural cost reduction actions are being identified and will be implemented in the coming months to help fund investments that aim to accelerate organic revenue growth and mitigate the impacts of rising input cost inflation,” he added.
PepsiCo reported net revenue of US$25.27 billion for the 12 weeks ended September 5, up 5.6% from a year earlier.
However, net revenue at PepsiCo Foods North America was flat year-on-year, while the unit’s core operating profit declined 12%. PepsiCo Beverages North America recorded 5% net revenue growth, which the company said primarily reflected acquisitions made in 2025.