"Layoffs have hit American workers hard in 2025, particularly in the government and tech sectors. Already this year, well over a million jobs have been lost due to layoffs-and unfortunately, it doesn't look like a cessation of job cuts is on the horizon. Reports say that beverage and snack giant PepsiCo is the latest major American company getting ready to announce layoffs."
"In the memo, PepsiCo CEO Ramon Laguarta said that the planned initiatives were to accelerate "organic revenue growth, deliver record productivity savings and improve core operating margin, starting in 2026." The initiatives include using a targeted approach on affordable price tiers for its products in various channels in order to stimulate sales growth, reducing operational costs, and using automation and digitalization "to advance and accelerate our global productivity initiatives," according to the company."
Layoffs have significantly affected U.S. workers in 2025, with over a million jobs lost, concentrated in government and tech sectors. PepsiCo issued a memorandum outlining plans to enhance shareholder value beginning in 2026. The company plans to accelerate organic revenue growth, achieve record productivity savings, and improve core operating margin. Planned actions include targeted affordable price tiers, operational cost reductions, and increased automation and digitalization to boost global productivity. The moves follow pressure from activist investor Elliott Investment Management, which holds about a $4 billion stake. Reports indicate PepsiCo will cut jobs in the U.S. and Canada and shifted some North American office employees to work from home.
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