PepsiCo PEP.O is cutting around 1,000 jobs across its food and beverage division in North America, the Wall Street Journal reported on Monday. The company employed about 306,000 people worldwide as of Dec. 27, 2025, including roughly 125,000 people within the United States, according to its 2025 annual report. The job cuts are expected to be implemented over the next week and are aimed at simplifying the company’s structure, according to a letter to employees from PepsiCo North America CEO Ram Krishnan that was reviewed by WSJ. PepsiCo did not immediately respond to a Reuters request for comment. Last month, the Lay’s chips maker lowered its full-year earnings forecast after reporting continued softness in North America, particularly in its beverage division, as consumers remained cautious about discretionary spending. Reporting by Sanskriti Shekhar in Bengaluru; Editing by Jonathan Ananda
