PepsiCo reportedly cutting around 1,000 jobs in North America restructuring

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According to multiple reports, PepsiCo is set to cut a significant number of jobs across its North America business amid a restructuring initiative.

Reporting from Reuters said the job cuts were mentioned in a letter to employees from PepsiCo North America’s CEO, Ram Krishnan, seen by reporters yesterday (9 November 2026).

Additionally, the Wall Street Journal reported that the number of jobs expected to be impacted is around 1,000.

The news comes as PepsiCo focuses on streamlining operations across its global business, with a focus on investing to drive growth and support innovation while simplifying production.

Last month, PepsiCo Beverages US announced the closure of its manufacturing site in Tennessee, effective immediately.

The company also reduced its full-year earnings forecast in October in response to slowed demand across the North America snacks and beverages market.

Transformation efforts have been ongoing across the wider global business, including investments into AI and automation across its production network last year.

In December 2025, a series of leadership and organisational changes were made with an aim of strengthening PepsiCo’s commercial business and position the company as a more ‘agile, future-ready’ organisation.

Krishnan took on the CEO role as part of these changes, with the company looking to sharpen execution and gain new growth opportunities with an ‘increasingly integrated’ structure and enhanced leadership focus.

FoodBev has approached PepsiCo for confirmation and comment on the job cuts, which are reportedly expected to be made over the next week.