PepsiCo to Cut Hundreds of Jobs as Economic Pain Grows, WSJ Says
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PepsiCo Inc. is laying off headquarters workers from its North American snack and beverage units, according to the Wall Street Journal, in a sign that corporate reductions are beginning to extend beyond technology and media companies.
The Purchase, New York-based company will dismiss hundreds of employees, the Journal reported Monday, citing an internal memo. PepsiCo described the layoffs as intended to “simplify” the organization, the Journal said.