PepsiCo Stock Nearly Erases Its 2026 Loss as 1,000 Job Cuts Loom

PepsiCo plans to cut roughly 1,000 jobs across North America, a restructuring move that follows the company's downgrade of its 2026 profit forecast a month earlier after another weak quarter in North America, particularly in beverages. Despite that guidance cut, PepsiCo shares rallied over the same period, narrowing their 2026 decline from nearly 12% in early October to just 1.14% by the November 9 close. The divergence between weakening fundamentals and a recovering share price puts the focus on whether the job cuts can restore margins and whether beverage demand in North America stabilizes. Investors will watch the next quarterly update for the cost savings tied to the reductions and any further revision to the 2026 outlook.