GOOD. Organization is useless.
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Some senior leadership roles have been cut. More to follow tomorrow
It's happening in Purchase (R and D ) starting today
How big and what locations?
It will happen before Feb 13 when they announce their earnings. Most likely the week of the 20th or 27th latest so they are done before the earnings report that week.
Is this rumor based on anything real?
The geniuses who produce new products that go boom splat over and over can now bring their talent to an open job market.
Just don’t spit in my burger when you’re flipping patties at Carl’s Jr.
Good
Innovation hasn’t been incremental in 5 years.
Eliminate R&D and all of the people associated with it. Buildings, capital, everything.
100 + Million of cost goes away as we accelerate the core. Lays, Dew, G, Doritos, Pepsi and so on down the line.