- Cuts are in the North America food and beverage business and were expected over the week of November 9. The letter came from PepsiCo North America CEO Ram Krishnan; the roles affected were not specified in reports.
- Reuters reviewed the letter but gave no count. The roughly 1,000 figure comes from the Wall Street Journal and Bloomberg. No PepsiCo press release or SEC filing with a number was found.
- PepsiCo lowered its 2026 core EPS growth forecast to 2.5% to 3.5% in October. Third-quarter North America beverage volumes fell 2%, per reports. The company employed about 306,000 people worldwide at the end of 2025.
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