PepsiCo plans to cut 1,000 jobs in North America... beverage sales down 2%

PepsiCo ($PEP) plans to cut roughly 1,000 jobs across its North American operations, according to a staff letter from Ram Krishnan, CEO of PepsiCo North America, obtained by CNBC. The company said the reduction is meant to streamline operations and improve coordination across business units as it responds to weak sales, with North American beverage volumes down 2% year over year in its third-quarter results. Krishnan said the goal is to make the North American business stronger and better prepared for the future while continuing to invest in employees, capabilities and brands. The move matters as a signal that PepsiCo is prioritizing cost discipline and organizational efficiency amid soft demand in its key market. What to watch next is how much of the savings is reinvested behind brands and whether North American beverage volumes stabilize in coming quarters.