PepsiCo is cutting approximately 1,000 positions across its North American food and beverage operations. The company said the restructuring will simplify its organization, make it more agile and improve coordination between teams. Ram Krishnan, CEO of PepsiCo North America, announced the changes in a letter to employees.
The restructuring follows challenges in PepsiCo’s North American market, particularly sluggish sales in its beverage division. Last month, the company lowered its full-year earnings forecast, citing persistent weakness in the region.
PepsiCo said the changes are intended to improve efficiency and redirect resources toward key growth areas.