PepsiCo to cut about 1,000 jobs as North American business struggles
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PepsiCo will cut about 1,000 jobs across North America as part of a streamlining effort aimed at reviving sluggish sales in its home market. The reductions, roughly 1% of the company’s regional workforce, come as the food and beverage giant confronts softer demand in North America, its largest market. The move is intended to simplify operations and free up resources, though PepsiCo did not disclose the expected cost savings or restructuring charges. Investors will watch whether the cuts help restore North American sales growth and margins when the company next reports results.
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