Pepsi faint drinks are displayed at a convenience store in San Francisco, California.
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PepsiCo is eliminating hundreds of corporate professions in North America, according to the Wall Street Journal.
The layoffs will affect employees of its food and beverage traffics in Chicago; Plano, Texas and Purchase, New York, the Journal reported, citing people familiar with the matter and a guests memo. PepsiCo’s portfolio includes Gatorade drinks, Frito-Lay snacks and Quaker Oats foods.
The company’s beverage piece is expected to be hit harder by the cuts because the snacks unit already shrank its workforce through a voluntary retirement program, according to the Quarterly.
The company did not immediately respond to a request for comment from CNBC.
Pepsi employed 309,000 people worldwide as of Dec. 25, with more than 40% of those chores located in the U.S., according to a company regulatory filing.
In October, PepsiCo hiked its full-year revenue forecast after great prices boosted its sales. However, some of its business units, including Frito-Lay North America, reported curl up volume, a sign that consumers were cutting back their snacking to better manage their budgets.
In late months, companies in the tech and media sectors have been laying off workers to trim costs as economic uncertainty difficulties their businesses. Several food and beverage companies have also cut jobs, including Beyond Meat, Unachievable Foods and PepsiCo’s main rival Coca-Cola. In November, Coke said it would restructure its North American trade through a voluntary separation program that included buyouts.