PepsiCo plans changes across its North American food and beverage operations, Reuters reported, while Bloomberg put the possible job cuts at about 1,000, a figure the company has not publicly confirmed.
Reuters said it obtained a Nov. 9 memo from Ram Krishnan, chief executive of PepsiCo North America, that told employees changes would take place over the following week. Bloomberg reported the estimate at about 1,000 roles; Reuters said the figure came from earlier reporting by The Wall Street Journal. The reports did not specify which jobs or locations would be affected.
Krishnan wrote that the organization could be made less complex and responsibilities clearer, with “make decisions faster” as one aim, Bloomberg reported. He also presented the changes as a way to improve execution and direct investment toward growth opportunities.
The planned changes come as PepsiCo reports mixed trends in its North American businesses. For the 12 weeks ended Sept. 5, beverage volume declined 2%, while beverage net revenue increased 5%, primarily reflecting acquisitions made in 2025. The company also reported sequential improvement in savory-snack volume and volume market share, partly offset by lower effective net pricing.
In its Oct. 8 results release, PepsiCo lowered its fiscal 2026 core earnings-per-share growth outlook to 2.5% to 3.5%, from a previous range of 5% to 7%. Chairman and CEO Ramon Laguarta said the company would implement additional structural cost reductions in coming months to support growth investment and help offset rising input-cost inflation. The release did not connect those measures to the reported job cuts.
PepsiCo's 2025 annual report listed about 306,000 employees worldwide, including about 125,000 in the United States, as of Dec. 27, 2025. EconoTimes previously covered reports of planned North American cuts. Krishnan's memo placed the organizational changes in the week after Nov. 9.
