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PepsiCo to eliminate about 1,000 North America roles
Company seeks simpler structure as it makes changes across parts of its organization
A shopper picks up a case of Pepsi at a supermarket in Latham, N.Y. (Angus Mordant/Bloomberg)
Key Takeaways:
- PepsiCo is eliminating about 1,000 roles in North America as it seeks to simplify its organizational structure.
- The cuts come as PepsiCo faces weakness in its North America beverage business and struggles to maintain market share for salty snacks.
- North America CEO Ram Krishnan said PepsiCo will make organizational changes over the coming week to clarify accountability and speed decision-making.
PepsiCo Inc. is eliminating about 1,000 roles in North America, with the maker of Mountain Dew and Doritos saying it’s looking to simplify its structure.
Ram Krishnan, the company’s North America CEO, sent a Nov. 9 memo to workers saying that “too much of how we work today remains complex and fragmented.”
“We have opportunities to simplify our structures, clarify accountability and make decisions faster,” Krishnan wrote. “Over the coming week, we’ll make changes across parts of our organization to address this.”
PepsiCo ranks No. 2 on the Transport Topics Top 100 list of the largest private carriers in North America.
PepsiCo is under pressure to make changes due to weakness in its North America beverage division. It has also struggled to hold onto market share for its salty snacks following price increases and as consumers become more selective in their spending. PepsiCo recently lost its contract with KFC’s U.S. restaurants to Coca-Cola Co.
The Wall Street Journal reported PepsiCo’s job cuts earlier Nov. 9.
PepsiCo employed about 306,000 worldwide at the end of last year, according to a company filing, including about 125,000 in the U.S.
