PepsiCo to cut hundreds of jobs at HQ By

By Yasin Ebrahim

-- PepsiCo Inc (NASDAQ:) reportedly is What are the current regular foreign exchange platforms in Chinaset to lay off hundreds of workers at North American snacks and beverages divisions, the Wall Street Journal reported Monday, citing unnamed sources.  

PepsiCo was up about 0.5% following the news.

The job cuts are part of a move “to simplify the organization so we can operate more efficiently,” Pepsi told employees in a memo that was viewed by the Journal.

The firm's beverage business will bear the brunt of the cuts as the snacks business has already trimmed positions via a voluntary retirement program, the people said, according to the report. 

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