"Layoffs have hit American workers hard in 2025, particularly in the government and tech sectors. Already this year, well over a million jobs have been lost due to layoffs-and unfortunately, it doesn't look like a cessation of job cuts is on the horizon. Reports say that beverage and snack giant PepsiCo is the latest major American company getting ready to announce layoffs."
"In the memo, PepsiCo CEO Ramon Laguarta said that the planned initiatives were to accelerate "organic revenue growth, deliver record productivity savings and improve core operating margin, starting in 2026." The initiatives include using a targeted approach on affordable price tiers for its products in various channels in order to stimulate sales growth, reducing operational costs, and using automation and digitalization "to advance and accelerate our global productivity initiatives," according to the company."
Layoffs have hit American workers hard in 2025, with more than a million jobs lost so far, especially in government and tech sectors. PepsiCo issued a memorandum announcing initiatives to enhance shareholder value beginning in 2026. Planned moves include accelerating organic revenue growth, delivering productivity savings, improving core operating margin, targeting affordable price tiers across channels, reducing operational costs, and deploying automation and digitalization to advance global productivity initiatives. The actions follow a roughly $4 billion stake taken by activist investor Elliott Investment Management. PepsiCo is reportedly preparing job cuts in the U.S. and Canada and instructed some North American offices to work from home.
Read at Fast Company
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