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More Layoffs Coming to PepsiCo

Dec. 6, 2022
Internal memo shows payroll trimming is still a priority for the CEO.

Layoffs are coming to PepsiCo’s white-collar workforce, according to a report in the Wall Street Journal.

PepsiCo employees showed the Journal an internal memo in which the company advised that hundreds of office workers, in both the beverage and Frito-Lay snack divisions, will be laid off. The memo stated that this will be done “to simplify the organization so we can operate more efficiently.” The layoffs will fall more heavily on the beverage division because Frito-Lay’s workforce has already been reduced by a program to encourage early retirements.

PepsiCo had good results in its most recent quarter, with a 23% increase in net income. However, paring back the workforce has been a priority of Ramon Laguarta, who became CEO in October 2018. A few months afterward, PepsiCo announced a round of layoffs that would affect both white- and blue-collar employees.

About the Author

Pan Demetrakakes | Senior Editor

Pan has written about the food and beverage industry for more than 25 years. His areas of coverage have included formulations, processing, packaging, marketing and retailing. Pan worked for Food Processing Magazine for six years in the 1990s, where he was operations editor (his current role), touring dozens of food plants of every description. He has also worked for Packaging and Food & Beverage Packaging magazines, the latter as chief editor, during which he won three ASBPE awards. He is a graduate of Stanford University with a BA in communications.

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