PepsiCo to lay off hundreds, for operational efficiency

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Hundreds of staff members at PepsiCo’s beverage, snacks and packaged-food businesses in North America may lose their jobs as the Company plans to cut jobs for better operational efficiency.

A report by The Wall Street Journal reveals that the job cuts will affect PepsiCo’s business based in Purchase, New York and the businesses headquartered in Texas.

The beverage business will see more job cuts as the snacks business has already rolled out a voluntary retirement programme to reduce headcount.

The cola manufacturing company that also makes the Lay’s brand of potato chips and Quaker Oats, employs about three lakh people, globally. Of these, over 1.2 lakh are working in the US alone.

The company had been paying more for raw materials and labour in recent times, and had, therefore, increased the prices of its products too.

However, the uncertainty of the economic environment has been forcing many companies to cut costs and look at trimming their workforces.

Recently, the Company was in the news for opening UK’s first research lab, which will focus only on testing oats. The facility will help the 300+ UK Quaker Oats growers produce top-quality oats while simultaneously lowering greenhouse gas emissions and increasing yield, to be able to meet the future demand for Quaker products.

PepsiCo is the official beverage partner for the Qatar National Football team as well as the Qatar National Under-23 football team.

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