Photo by Tony Webster on Flickr.com
PepsiCo lays off hundreds of employees in North America. The company’s decision to dismiss, indicating that the demand for its products is strong, shows that the pressure created by the uncertain economic environment and ongoing inflation is not limited to technology and media companies.
The Wall Street Journal reported that PepsiCo has decided to lay off hundreds of employees in its snack and beverage divisions in North America. The decision shows that layoffs are not limited to technology and media companies.
The company, headquartered in New York, reportedly described the layoffs as “simplifying the organization.”
The company, which produces chips, sodas, and breakfast cereals, says demand for its products is strong, although it spends more on commodities such as candy, corn, and potatoes, and passes these expenses on to customers.
The uncertain economic environment and ongoing inflation are causing companies in various sectors to worry, and accordingly, companies decide to cut their spending. Alongside technology companies such as Amazon, Apple, and Meta, Warner Bros. CNN, which is owned by Discovery, is among the companies that have decided to lay off employees.