Thread regarding PepsiCo Inc. (Pepsi) layoffs

@ac Unfortunately you also have it wrong. It started off small in pockets by some of the Regional leaders and then EA pushed for more modernization. Seth Cohen just took credit for it. Several vendors pushed for it as well so did big name consultancy firms.
We need some fresh blood to come and clean house.

finally G-yatri Narayan and hey money wasting DPA gone! one positive news in the constant flow of negative news from Pepsico these days!

@pm+1jsne73yg

Reality is that tap is always open to fund AK’s pet projects. To keep that tap running needs money and that money comes from higher priced products. They don’t care about lowering prices and improving market share as that would leave AK’s funding tap dry. Add AI ML Data to any project and it becomes AK’s darling whether it delivers any value or not. Any pricing strategist can easily tell you what needs to be done to gain market share. But they aren’t part of the pet AI ML Data projects

North America consumers as well as North America employees have stopped expecting anything good from this company’s leadership. Both North America consumers and North America employees are getting the short end of the stick

Digitizing so they can off-shore more US job functions is not going to grow the north American business. Workers in Mexico and India are not going to keep PepsiCo afloat. It is American consumers with good paying jobs that keep PepsiCo profitable.

The same thing that happened to take-home water a decade ago (16.9 Aquafina case pack uncompetitive/ gathering dust on retailer floors) is happening to salty snacks …. Consumers might be titillated by F-L advertising but when they get to the stores they can’t justify the incremental spend .

Pigs get sla-ghtered

Fire Ramon and his executive team..from R&D to HR tanking the company. zero vision and poor strategy… shame on PEP Board and CEO!

I went to HEB in Plano today. I stopped by the chips aisle just to see the price difference between Frito-Lay and HEB brand chips. It was insane. HEB Doritos sells for $1.75 for a large bag, whereas Frito-Lays Doritos sells for $5.96 for the same size bag.

I looked around the shelves to see the stock. None of the products are empty, but....HEB stock is much less (half empty) than Frito-Lays stock (completely full). This was today (Sunday) at 1:30 pm. I could have gotten there when the Frito-Lays stock was refilled and HEB hasn't done theirs yet. I get it. But....the perception is. No one is touching Frito-Lays product at that price.

Like the company, the product is expiring on the shelves. Ramon and Steve Williams, keep it up. What is your severance package? $10 mil? $20 mil? I get served two weeks of pay per year, which is about $10k. It doesn't seem equal. I work to keep the company afloat while Steve, Maria, and you continue to sink it.

“ Since arriving from Accenture in 2020, Kanioura has overseen the move of about 5,000 legacy applications to Microsoft Azure, shrinking demand-forecast cycles from weeks to hours and building a common data fabric for PepsiCo’s beverages and snacks businesses.”

• “weeks to hours” 🤣😂😂 YGBFKM

Meanwhile foodservice 3PO vending operators are currently subjected to PBC and Frito Lay out-of-stocks - they were thru the ROOF last week … my 3POs are seeing HUNDREDS of cases being cut from their orders, particularly Frito … Frito simply shrugs their shoulders …. Customers are pi---d as they’re being told they’re short on their quarterly CDA targets … Imagine the revenue if we could just fulfill the orders our customers are placing

I remember years ago in Plano, Frito laughed at HEB and told them to get lost when HEB asked Frito to make HEB label chips. Now HEB has a huge store two miles from Frito HQ in Plano and HEB chips are flying off the shelf because they are a better value for the consumer. Plano is a HEB town.

Nothing will get better until they fix the broken toxic culture and make it a meritocracy. It's been nothing but cronyism for decades and now it's showing and impacting the business. PEP is a bloated top heavy organization with way too many clueless "leaders" in positions where they don't belong damaging the business in so many ways.

Let's face it. Neither PepsiCo nor Frito-Lay can compete with the private labels. Both are on a slow death march right now. The opportunity to save both companies passed a few years ago when they had the chance to produce private labels, but put their middle finger up and said....."FU...we're better than that!" Ramon and the India Lady CEO before sank this company! DONE!

The picture she paints about her ‘impact’ on the business is about as real as that airbrushed headshot she slaps on every email she sends.

PEP products, especially Frito, fall into the "just not worth it" category for the consumer. They have priced and shrunk themselves out of the market.

@OP+1jsne73yg None of the digitalization efforts can be credited to Kanioura. Moving from legacy applications to azure had started before Kanioura joined the company. It was Seth cohen who started it. Data fabric also started before Kanioura joined. It’s a mess ever since. Getting the data engineering team to do anything in a cost effective way is impossible. Ask any stakeholder on cost and budget overruns and you will know the real story, not the fake self marketing AK propaganda. Mushrooming of hubs across Barcelona, Dallas, Hyderabad, Mexico City, Cairo, Poland, Shanghai has caused power pulls and duplication of work everywhere. In addition making people work across crazy time zones has resulted in poor employee well being. OHS scores are faked and real numbers conveniently ignored. Digital academy courses are a mere check in the box. You can find much better courses on the internet.

Digital overhauls like IBP are a joke. A project running for 5 years and only markets live are two small ones in Europe. Enormous dollars poured into such initiatives where we use a vendor whose algorithms are not even being used but supplemented or replaced with data science run algorithms. Complete opposite of common sense. Not a single sane person in the company is pinning any hopes on a turnaround based on Kanioura’s digital strategy. The kind of horror stories you hear in S&T is baffling to say the least.

Blaming tariffs is a cop out. Pepsi hasn’t turned a solid profit in years. It’s the aggressive price hikes, coupled with the shrinkflation that has caused this nosedive. Soda has been a stagnant market, but Frito is losing more ground to competitors who have more value oz to oz. The solution is simple, cut all R&D on this cr-p innovation, ensure the core lines get prioritized, and lower the GD price!!!