PepsiCo layoffs point to corporate belt tightening extending
beyound modern tech
PepsiCo is preparing to lay off hundreds of Americans
at its three main divisional headquarters in a possible sign
that its brands may also fight to pass similar
on to indebted consumers.
PepsiCo, the beverage and snack
giant, may be planting masses of employees.
But as analysts try to take a look at the evolution of
the economy and the trajectory of rising food spending
analysts were mixed on whether the declared cuts amounted to a
business-as-usual exercise to keep operations lean, or something more.
Wall Avenue magazine said Monday that PepsiCo PEP,
-0.81% laid off many employees
The layoffs at PepsiCo could come amid a widening array of
job cuts in the technology and media industries.
PepsiCo, as of last year, hired about 309,000 people
worldwide, according to a document.
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