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Thursday, November 12, 2026 · UTC
Markets

PepsiCo cuts about 1,000 North America jobs after a weak third quarter

Beverage volume in the region fell 2% and food volume did not grow. The company had already lowered its 2026 earnings outlook in October.

Ruth Calder
Markets Writer
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Stands on 10 placed sources from 2 publishers.
As of 2026-11-12 01:15 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
PepsiCo will cut about 1,000 jobs across North America.[1] The company says the cuts are meant to simplify its organizational structure.[2] Ram Krishnan, the chief executive of PepsiCo North America, leads the unit taking them.[3] The quarter behind it North American beverage volume fell 2% in the third quarter of 2026.[4] North American food volume was flat.[5] In October the company lowered its earnings outlook for the year.[6] PepsiCo describes the plan as streamlining its North American operations.[7] The scale PepsiCo employed about 306,000 people worldwide as of December 27.[8] Against that figure, 1,000 roles is about one job in every 300. All of the cuts fall in one region.[9] The cuts reach a large trucking operation too. PepsiCo ranks second on the 2026 Transport Topics list of the 100 largest private carriers in North America.[10] Neither report says which functions lose the roles.
Proof10 sources · 2 publishers · signed
What this stands on
  1. PepsiCo will cut about 1,000 jobs across North America. · cnbc.comUnited States
  2. PepsiCo states the cuts aim to simplify its organizational structure. · ttnews.com
  3. Ram Krishnan is PepsiCo North America CEO. · ttnews.com
  4. PepsiCo North American beverage volume fell 2% in Q3 2026. · cnbc.comUnited States
  5. PepsiCo North American food volume was flat in Q3 2026. · cnbc.comUnited States
  6. PepsiCo lowered its 2026 earnings outlook in October 2026. · cnbc.comUnited States
  7. PepsiCo plans to streamline North American operations. · cnbc.comUnited States
  8. PepsiCo employed about 306,000 people worldwide as of December 27. · cnbc.comUnited States
  9. PepsiCo is eliminating about 1000 roles in North America. · ttnews.com
  10. PepsiCo ranks No. 2 on 2026 Transport Topics Top 100 North America private carriers. · ttnews.com
The one we could place publishes from United States. 1 could not be placed by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.
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