PepsiCo layoffs

2022 - 12 - 6

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Image courtesy of "The Dallas Morning News"

4 things to know about the layoffs at PepsiCo and Frito-Lay (The Dallas Morning News)

The beverage giant informed employees that job cuts would be occurring at its North American headquarters in Purchase, N.Y., and its foods divisions in Plano ...

More than half of the surveyed companies are in a hiring freeze. The cuts are expected to hit the beverage business harder because the snacks units (headquartered in Plano and Chicago) trimmed positions with a voluntary retirement program. But some other sectors are experiencing hiring freezes,” said Resume Builder job search coach Stacie Haller in the report. joined the list ](https://www.dallasnews.com/business/local-companies/2022/12/05/pepsico-to-lay-off-workers-at-north-american-headquarters-and-plano-division/)of major U.S. PepsiCo did not respond to questions from The Dallas Morning News about the number of North Texas workers affected. [Texas companies’ mass layoffs drop dramatically this year from even pre-pandemic 2019](/business/jobs/2022/07/05/these-companies-have-laid-off-2200-workers-in-texas-so-far-this-year/) The company’s Frito-Lay North America division is headquartered in Plano. Usually, layoffs are seen as a last resort. Williams oversees [a $21 billion portfolio of chips, dips and convenience foods](https://www.dallasnews.com/business/2022/09/29/pepsico-foods-ceo-believes-your-attitude-will-determine-your-altitude/): Doritos, Lay’s, Cheetos, Tostitos, Ruffles, Fritos, Stacy’s Pita Chips, SunChips, Quaker snacks and hot breakfast cereals. PepsiCo employed about companies announcing job cuts ahead of the holidays. Here are four things to know about the layoffs:

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Image courtesy of "MarketWatch"

PepsiCo layoffs arrive as analysts point to less aggressive price ... (MarketWatch)

Beverage and snack giant PepsiCo may be planning layoffs. But analyst takes were mixed on what the cuts meant for the industry.

The layoffs at PepsiCo would come amid a growing number of job cuts in the tech and media industries. “A strong brand is always going to have pricing power,” she said. Madia said PepsiCo, given its popularity, could still command prices that were more favorable to the company. “When Pespi has layoffs like this, I think the rest of the industry, definitely, will be very interested, and perhaps other companies may follow suit.” [reported](https://www.wsj.com/articles/pepsico-to-lay-off-hundreds-of-workers-in-headquarters-roles-11670276051?mod=article_inline) on Monday that PepsiCo [PEP, -0.81%](/investing/stock/PEP?mod=MW_story_quote)was laying off hundreds of staff at the headquarters of its North American beverage and snacks segments. Steeper cuts are concentrated in the former, the report said.

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