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PepsiCo to cut hundreds of jobs in North America
Business Standard
|December 07, 2022
Company describes layoffs as intended to 'simplify' the organisation
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PepsiCo is laying off headquarters workers from its North American snack and beverage units, according to the Wall Street Journal, in a sign that corporate reductions are beginning to extend beyond technology and media companies.
The Purchase, New York-based company will dismiss hundreds of employees, the Journal reported Monday, citing an internal memo. PepsiCo described the layoffs as intended to "simplify" the organisation, the Journal said.
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