Following on the post about Voluntary Retirement Buyouts, if you haven't already put the dots together there is going to be a BIG layoff coming soon. VBRs that are happening now are meant to lessen the impact of a massive reorg. Based on how big the net is for the VRBs, that signals to me that the layoff following it is going to be very bad.
Cheers to another layoff come beginning of next year.
It could’ve massive the only reason I can think of for the voluntary buyouts is because if it is huge like you say they may want to offset the increases in unemployment insurance they would incur. As PepsiCo is “at will” employment they do not need excuses to lay you off ( when I was let go in 2019 I was told my job was going to Hyderabad India and given a severance package. If you are near retirement age and offered a package my advice is to take it. I am not sure the severances offered after will be as robust as in the past. Good luck to all and praying for you.
there is LOTS of highly compensated dead weight at Plano HQ
Would this be the BIG LAYOFF that has been coming since 2015?
James - The older generation built this company over many years. Please do underestimate the value of their experience.
Its a perfect time for pepsi to get rid of some long time employees who have more health issues and maybe not the drive they had early in their career. Then when covid goes away you are hiring top of class, younger talent for the future growth of the firm