PepsiCo, whose sales have fallen, will lay off approximately 1,000 people

PepsiCo will cut roughly 1,000 jobs as part of a restructuring effort aimed at reversing weak North American sales. The company had already turned to price cuts and increased marketing spending to revive demand in its beverage and food units, which have stalled. The layoffs underscore the pressure on the snack and drinks maker as it tries to rein in costs while reigniting volume growth in its largest market. Investors will watch whether the restructuring yields margin improvement and whether deeper discounting stabilizes North American demand in coming quarters.