Thread regarding PepsiCo Inc. (Pepsi) layoffs

Ohs comments

What I wanted to say:

Yes. When they took back my company car, that stung.

When they cut coverage for the one prescription I rely on, that hurt.

When I got a 1.5% raise in the face of runaway inflation: ouch.

The role was posted as mobile, live anywhere in the geography. Then they asked me to come into the office. Now I'm 90 minutes away, one way.
They told me not to travel to see customers and to use Teams instead. But Teams is apparently not okay for day-to-day work, only for avoiding spending their money on customer visits.
1NA is hanging over my head, with my role potentially cut in half.

Field teams are cut to the bone, our workforce is on unlivable wages, and it gets worse every year.

Meanwhile, there's somehow a $10 billion buyback authorization and nearly $9 billion going back to shareholders this year.

No money for travel to see customers, but $1.7 billion to hand the global media account to a new agency.

They priced Doritos up 50% in four years, watched consumers walk, and then cut prices after the damage was done, and somehow the field is who pays for that miss.

Now they're reportedly pulling coverage for weight-loss dr-gs too, so the cuts to employee benefits clearly aren't finished.

And for all that squeezing, the stock is down about 15% over five years while Coke is up 63% and the S&P is up 73%.

We gave up the car, the raise, the benefits, and the flexibility, and the people making these calls still can't deliver a return.


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| 164 views | | 11 replies (last October 8) | Reply
Post ID: @OP+1m3swj9x7

11 replies (most recent on top)

@px When I see folks like you say, 'Leave the company if you're unhappy' it's like saying we cannot voice our opinion. You're probably one of those campus hires milking the company dry with promotion after promotion because of licking butt. You do not see the big picture. The people on here voicing their opinions fearlessly are the ones whose back your riding on for your free paycheck.

In short, we love the company, do not agree with where the stock or vision of the company has shaped up and the job market is trash. We are on a sinking ship and trying our best to keep afloat. PepsiCo was the best in its hey day. But you probably were 2 years old.

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Post ID: @1dm+1m3swj9x7

So leave the company. Life is too short my friend to stay if you really are not happy.

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Post ID: @px+1m3swj9x7

@ez HR hates this place too.

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Post ID: @fn+1m3swj9x7

HR is based out of India and Mexico nowadays

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Post ID: @fh+1m3swj9x7

28 upvotes, 1 downvote. My guess is the one came from HR. This is exactly why most senior HR leaders have already left and more are heading for the exit. Basic logic says we have a serious problem, and HR promoting this as a great place to work right now comes across as tone-deaf.

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Post ID: @ez+1m3swj9x7

@cr Real talent left or laid off due to their position leaving the country.
The hiring, development and promotion process in the USA has little to do with talent.

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Post ID: @dy+1m3swj9x7

Pepsico is a failed company so rather than moaning just focus energy to find employment elsewhere, real talent has been leaving Pepsico for years now,

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Post ID: @cr+1m3swj9x7

Lmao. If you whiners spent this much time on your sets and getting our fair share on the floor our stock price would be $300. Nicely done.

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Post ID: @a4+1m3swj9x7

Elliot and the BOD read your OHS feedback and laugh while sipping champagne served to them by Ramon and Ram

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Post ID: @a3+1m3swj9x7

Well said, but they don’t care. Prepare for more.

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Post ID: @a2+1m3swj9x7

Stay on the couch and send the field team a picture of shoddy execution. Have your customers tell your higher-ups they'd give you more space if you serviced them better. Oldest trick in the book.

Picture it: some old ba----d in a recliner that hasn't been upright since 2019, remote in one hand, a stack of hundreds in the other, licking his thumb and counting them like a Bond villain on a fixed income. Paycheck lands on Friday, he hasn't opened a laptop since Tuesday, and his "customer visit" was driving past a store on the way to Golden Corral. Teams status: green 24/7, thanks to a mouse jiggler he bought on Amazon with the per diem he didn't earn.

Every quarter he fires off a blurry photo of an out-of-stock shelf with "????" and cc's three VPs, then goes back to napping like he just closed a national account.

The field team is working doubles on unlivable wages to fix the display he's never seen in person, and he's in slippers calling it "strategic oversight."

Sit at home and wait for the VRP. Still waiting. Counting. Napping. Counting again. Cackle, cackle!

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Post ID: @a1+1m3swj9x7

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