After Twitter, Amazon, and Facebook, now PepsiCo company is also planning to lay off employees. PepsiCo Inc plans to lay off more than 100 employees from its New York head office's a snack and beverage units, according to The Wall Street Journal. It has been told in the report that the company has taken this decision intending to simplify the organization. However, the spokesperson of PepsiCo has not yet given any official statement regarding the layoffs.
The company explained the reason for the retrenchment
In a memo sent to employees, PepsiCo told employees the layoffs are aimed at simplifying the organization so we can work more efficiently, according to the Journal. Others said the cuts in the beverages business would be huge as the snacks unit has already undertaken layoffs along with the voluntary retirement program.
The effect of the recession is visible in the American market
The uncertain economic environment and persistence of inflation have unsettled companies in a variety of industries and prompted them to cut costs. National Public Radio is restricting hiring and Warner Bros. Discovery Inc's CNN is cutting jobs, as are several other media giants. Meanwhile, Amazon.com Inc., Apple Inc., and Meta Platforms Inc. Including big tech companies are laying off thousands of employees.
Also Read: Amazon Layoffs: Amazon preparing to lay off 20,000 employees to reduce costs!
Canada has accused India of involvement in the murder of Khalistani terrorist Hardeep Singh Nijja
Ranveer Singh- Deepika Padukone Viral Video: Sunny Deol's elder son Karan Deol's marriage has bee
The first batch of 360 Indians evacuated from violence-hit Sudan under Operation Kaveri arrived i
9 months and 10 days have passed since Russia's alleged special military operation to disarm Ukra
The Modi government is preparing to present the first budget of its new term. This is the first b
India Coronavirus Cases Update: Once again there has been a decline in corona cases in the countr
US President Joe Biden has announced the name of the new US ambassador to India. According to thi
Farmers are the priority of the central government. The Union Cabinet took an important decision
Salaar Advance Booking: Fans' craze for Prabhas seen in booking, Book My Show website crashed!
Salaar on Book My Show: The end of the year 2023 is going to be great in terms of film releases.
Biden said on the ceasefire, Putin wants some oxygen by bombing the hospital
A two-day temporary ceasefire is about to take place on the Russia-Ukraine war that has been goin
