PepsiCo Trims Products, Layoffs Amid Investor Pressure
Update: 2025-12-08
Description
PepsiCo, under pressure from activist investor Elliott Investment Management, is overhauling its product lineup, supply chain, and workforce. The company plans to cut nearly 20% of its US products, invest in affordable options, and save significant money. This strategy aims to boost revenue growth, improve profit margins, and achieve organic revenue growth of 2-4% in 2026. Meanwhile, PepsiCo has asked employees in several North American offices to work remotely, hinting at potential layoffs.
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