PepsiCo to Cut About 1,000 North America Jobs as Regional Sales Lag
PepsiCo plans to eliminate roughly 1,000 positions in North America over the coming week as the company seeks to simplify operations and be faster and more capable.
KEY POINTS
- PepsiCo plans to cut about 1,000 jobs in North America over the coming week
- The layoffs are limited to North America, which includes roughly 125,000 U.S. positions
- CEO Ram Krishnan said the company needs to be faster, more connected, and more capable
- The cuts represent about a third of a percent of PepsiCo's 306,000 global employees
- PepsiCo reported Q3 2026 net revenue of $25.27 billion, up 5.6%
PepsiCo plans to cut about 1,000 jobs across its North American food and beverage business over the coming week, according to The Wall Street Journal. The layoffs are limited to North America, where the company has roughly 125,000 positions in the United States.
CEO Ram Krishnan told employees in an email that the company aims to build a stronger, more future-fit business that delivers industry-leading growth. He said the company needs to be faster, more connected, and more capable while continuing to invest in growth.
“To do that, we need to be faster, more connected, and more capable, while continuing to invest in growth.”
The job cuts represent about a third of a percent of PepsiCo's global workforce of 306,000 employees. PepsiCo describes the reductions as a simplification of how it operates.
PepsiCo's North American sales have underperformed compared with other global markets. The company reported Q3 2026 net revenue of $25.27 billion, up 5.6%, and operating profit up 19%, with results largely driven by international markets.
PepsiCo has paid a quarterly dividend since 1965 and raised it every year for 54 years. The latest increase took the annual rate to $5.92 per share from $5.69, up 4%.
The stock closed at $141.88 on Monday, up 0.4%, leaving it down 1.1% for 2026 after a rally of about 15% from its October 7 low.
Fast Company reached out to PepsiCo for comment.
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