Thread regarding PepsiCo Inc. (Pepsi) layoffs

The plaza is going to get hammered from a current employeee standpoint next week is my guess . I am not sure on the employee makeup up there and I only know what I am reading online.

NAB 4 regions, one to office out of Chicago: Schaumburg wouldn’t make sense which leaves the plaza. If you are in the plaza ask yourself one question... What is your role going to be on the new leaderships team?

If you can’t answer this you’re probably going to be eliminated.

G/Naked/Kevin’s flowing through beverages

Quaker through snacks all has the sound of impending doom if you’re rolling through nan and don’t have a role in integrating these brands through snacks or beverages Go - To - Market future state.

How I’m seeing it down here anyway

What is happening to them in terms of the Chicago Plaza. There is still two years left on the lease. Are they moving Quaker to Texas and Trop and G to NY? Or keeping a 3rd HQ? Is GNG being eliminated completely?

Trop will report to NAB through Seth now.

Senior Vice President of Juice... What the f--- has the world come to lol

Whats happening to trop in Chicago. Are they part of the downsizing and mergers.

From your lips to Gods ears.

Chicago lay offs will be next week :( along with the rest of the lay offs. Sending prayers and lots of positive vibes

The amount of people related to that $ amount will depend on the salary and severance involved.

Of that $2.5B related to "These pre-tax charges will consist of approximately 70% of severance and other employee-related costs"

How many employees would that calculate to be?

Zhb sounds like a hater with no facts to base your stupid assumption

You have no clue

I remember speculation previously posted around the plaza and how the lease is renewed and everyone is safe. I would imagine the current employees in the plaza will get severances and this will become home to the central business unit.

@XDgHR0y-ftw

2/19-2/21 at the Plaza.

What does this mean for GNG? Is that entire group going away? Finally putting an end to indra’s biggest failure that consumed money but didn’t generate anything.

What happens to the NAN center of excellence that manages marketing for Quaker AND Trop?

Last, what will become of Gatorade? Is it staying in Chicago or moving to be with the rest of PeP’s sports marketing team in NyY.

Did you read all the notes and emails?

Quaker rolling into FLNA and Naked, trop, kevita, Gatorade rolling into NAB. They essentially eliminated the NAN reporting structure effectively

Chicago might have not been hit ... yet. Lay offs are happening as we speak. Prayers for those impacted.

Copied directly from the 8-K filed with the SEC today:

PepsiCo today announced that on February 14, 2019 it committed to a multi-year productivity plan (the “2019 Productivity Plan”), that will leverage new technology and business models to further simplify, harmonize and automate processes; re-engineer its go-to-market and information systems, including deploying the right automation for each market; simplify its organization and optimize its manufacturing and supply chain footprint.

In connection with this program, PepsiCo expects to incur pre-tax charges of approximately $2.5 billion, of which $138 million is included in its 2018 results, approximately $800 million is expected to be reflected in its 2019 results and the balance to be reflected in its 2020 through 2023 results. These pre-tax charges will consist of approximately 70% of severance and other employee-related costs, 15% for asset impairments (all non-cash) resulting from plant closures and related actions, and 15% for other costs associated with the implementation of these productivity initiatives. PepsiCo expects that these pre-tax charges will result in cash expenditures of approximately $1.6 billion, of which PepsiCo expects approximately $450 million to be reflected in its 2019 cash flows and the balance to be reflected in its 2020 through 2023 cash flows. PepsiCo expects to incur the majority of the pre-tax charges and cash expenditures in its 2019 and 2020 results.

Layoffs are happening. Read the other posts.