PepsiCo is preparing to lay off hundreds of U.S. workers at its three main divisional headquarters in a possible sign its brands may struggle to pass further price hikes onto indebted consumers.

source:social media

In a memo obtained by the Wall Street Journal, the company that markets everything from Lay’s potato chips to Quaker Oats to Gatorade energy drinks told staff that cuts

source:social media

would disproportionately hit its beverages business as snacks had already undergone a number of redundancies.

source:social media

The move is intended “to simplify the organization so we can operate more efficiently,” according to the paper.

source:social media

PepsiCo, which just took delivery of the first Tesla Semi after at least a year of delays, employs over 125,000 full-time workers across North America.

source:social media

Hundreds of jobs will be eliminated, one of the people told the Journal, with company sites in Purchase, N.Y., Chicago, and Plano, Texas, likely to be most affected

source:social media

The layoffs while relatively small are notable in that recent headline-grabbing examples of corporate belt-tightening thus far affected chiefly the tech sector and digital asset firms.

source:social media

Frito-Lay North America, the company’s second-largest division, saw its top line soar 20% despite a 2% drop in volume as it moved to offset rising costs for cooking oil, potatoes, and corn.

source:social media