PepsiCo to Cut Hundreds of Jobs

PepsiCo has joined the growing list of American employers reducing headcount ahead of an anticipated recession as reported by the HCA Mag.

The food and beverage giant plans to eliminate hundreds of corporate jobs throughout North America, The Wall Street Journal reported. The layoffs will impact employees in Chicago, Plano, TX and its headquarters in Purchase, NY. The company’s beverage division will be primarily affected because the snacks division already cut its workforce through a voluntary retirement program, the Wall Street Journal reported.

Pepsi employed 309,000 people worldwide as of Dec. 25, with more than 40% of those jobs located in the United States, according to a company regulatory filing.

In addition to Pepsi’s layoffs, high-profile employers throughout the U.S., especially in California, have been trimming staff ahead of an anticipated recession.

On Monday, it was reported that Intel plans to cut hundreds of jobs throughout Northern California, including in Santa Clara (where its headquartered) and Folsom, according to WARN notices filed with California’s Employment Development Department.

The company said it will eliminate 90 jobs in Santa Clara and 111 positions in Folsom over a 14-day period starting on Jan. 31, 2023, according to the WARN notice reported by the Bay Area News Group.

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