CNBC reported Monday that PepsiCo plans to eliminate roughly 1,000 North American jobs over the coming week, as the company works to address weak volume and revive sales in its home market. CNBC credited The Wall Street Journal with first reporting the planned cuts.
In a Monday employee letter obtained by CNBC, Ram Krishnan, CEO of PepsiCo North America, described the unit’s goal as “industry-leading growth.” He called for faster work and closer coordination, while saying the company would keep investing in its people, capabilities and brands.
PepsiCo’s third-quarter results showed beverage volume in North America fell 2%, while food volume was unchanged. In October, the company lowered its full-year 2026 earnings outlook, citing challenges in its home market.
Chief Financial Officer Steve Schmitt said on an earnings call that price cuts and marketing investment were taking longer than expected to lift sales. A company filing listed PepsiCo’s U.S. workforce at roughly 125,000 and its worldwide headcount at about 306,000 as of Dec. 27.
