PepsiCo plans to cut close 1,000 workers in North America

PepsiCo plans to cut about 1,000 jobs across its North American food and drink operations, with the reductions expected over the coming week. The company says the changes are intended to simplify its structure and improve performance as it faces weaker demand and rising costs.

In October, PepsiCo lowered its 2026 forecast for core earnings per share growth to 2.5% to 3.5%, from an earlier expectation of growth at the low end of 5% to 7%. North American beverage sales volumes fell 2% in the third quarter, although segment revenue rose about 5%. The company had around 306,000 employees worldwide at the end of 2025; it has not said which locations or departments will be affected.