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.
Bu hikaye Business Standard dergisinin December 07, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin December 07, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
Mr Dependable: Why Indigo is Rahul Dravid of aviation
Analysts turn bullish as stock soars 83% in past year
Prospects and valuation, not past returns, should be your guide
Sector and thematic funds attracted ₹46,137 crore in 2023-24, the largest inflow across all fund categories, according to data from the Association of Mutual Funds in India (Amfi).
Sebi cracks whip on employee misconduct
The Securities and Exchange Board of India (Sebi) has come out with stringent measures to deal with misconduct and corrupt practices by its staffers.
Volume recovery crucial for Marico's growth in FY25, stock gains
Marico's January-March quarter (Q4) results were slightly better than consensus.
Fear factor: India Vix surges to 15-mth high
Uncertainty over election results, US Fed rate cut fan volatility
Heavyweights drag down markets
Midcap, smallcap indices log biggest fall in nearly two months
Celebrities liable for products in misleading ads: SC
Social media influencers and celebrities now find themselves in the thick of the Supreme Court's lens as the court on Tuesday said that they'll share equal responsibility for endorsing products or services in misleading advertisements.
59% rise in 'ghost' shopping mart
Almost ₹6,700 cr 'trapped' in gross leasable space of such shopping centres in 2023: Report
Rising repatriation
As worrying as the recent decline in gross foreign direct investment is the increasing pace of disinvestment
Making family businesses last
Few family-owned firms anywhere in the world last beyond three generations.
