Bottles of Pepsi are displayed in a store in New York City on March 17, 2025.
Spencer Platt | Getty Images
PepsiCo is cutting about 1,000 jobs across North America as the company tries to turn around lagging sales in its home market.
“We have a clear ambition for PepsiCo North America: to build a stronger, more future-fit business that delivers industry-leading growth,” Ram Krishnan, CEO of PepsiCo North America, wrote in a Monday letter to employees obtained by CNBC. “To do that, we need to be faster, more connected, and more capable, while continuing to invest in growth – behind our people, capabilities and brands.”
Over the next week, Pepsi plans to cut jobs as it says it aims to streamline its operations and better connect teams across the company’s North American business. PepsiCo employs about 306,000 people worldwide, including roughly 125,000 in the United States, as of Dec. 27, according to a company filing.
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