After the latest round, can we hope to be layoff-less for a while, or is that just too much to ask?
15 replies (most recent on top)
@g5 yup same deal away from home marketing and sales...used to be great,now just givr money away don't know how to do anything
@g0 So true. Such a shame that PBNA marketing, which was such a shining beacon across the industry at one time has crumbled to this. A swift clean up of the house is needed. Bring in creative, strategic, EFFECTIVE leadership and ged rid of the a-s kissers.
@cx Also feel like they need to do a big purge of PBNA. Ram Krishnan has done nothing but tank this business. Likely explains why so many leaders have left. And PBNA marketing is such a joke ….so bloated with egos but not cohesive strategy. The portfolio is a dog’s breakfast. Nobody should be surprised Pepsi has dropped to #4 spot. Mark, Lauren, JP ….what are you doing to this business? They need to clean up house in marketing asap.
Elliott is going to clean house. PEP needs a good cleaning out and management that actually knows what they are doing. There is so much expensive useless deadweight everywhere in PEP, especially in Plano.
@fa No reason both things can't be true.
@cy I find that hard to believe. With the leadership and board visit coming up In Hyderabad, you can expect to see LinkedIn posts featuring them being welcomed on red carpet, even dancing or participating in celebrations, and praising offshore centre’s accomplishments
@ah I am hearing that there may be layoffs in offshore centers including hyd.
@ba Elliott must get rid of Ramon Athina and their entire Indians capture elites followed by exiting the hubs which deliver no.value all work is done by contractors. Waiting for the HIRE bill to.pass to wack these Indians where they belong.
@ba yup any time activists talk about margins (both beverage and Frito lay), that for sure will be layoffs. Management usually tries to get ahead of it by offering a few cuts, then forced to do more
@b2 new hq will be Hyderabad
With the activist investors getting involved with PEP there are going to be major layoffs and restructuring, which there needs to be. Look at all the people Elliott Management canned at Southwest Airlines.
The leaders and BoD are merry making with offshoring to Hyderabad and Mexico. Why wouldn’t there be layoffs in N. America??
More coming in Q4, starting in last week of September in S&T
@OP R&D next with the leaders leaving looks likely to go through layoffs! Also movement of R&D Digital Team moving to S&T we are hearing here in the US
Yes. Yes it is. Haven't you been paying attention?