If your first move in a crisis is to lay people off, you’re not leading - you’re reacting. There’s a difference between managing a budget and having a vision, and PepsiCo keeps confusing the two. Yes, cutting heads might look good on a quarterly report, but it destroys the foundation piece by piece. The people who could steer us forward are already leaving, and we're left with a workforce stretched thin, demoralized, and in no shape to build the future.
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@ab 1000000% spot on!
Just waiting to get my severance package since I am in payroll and hardly have any responsibilities anymore
@b1 what was your job?
The reality, reduction in headcount is the fastest way to save money but it is a mask to cover our inability to grow our brands versus our competition and deliver on longer-term savings initiatives. The snacks category is struggling…not a brand problem, it’s a category / external forces issue, all players are struggling. The beverage category is relatively strong versus norms, yet we fail to capture our fair share because we have a brand issue. I agree with the OP, it shows that longer-term leadership decisions are not producing the necessary savings and that our brand issue in beverages is a problem when the money-making snacks business needs help due to external factors. Intentionally saving money by reducing the service to our customers is silly decision making. Once upon a time our customers were the primary focus, this has definitely changed.
PEP is the poster child for poor management, and they have lots of it
Yeah. I’m expecting to be let go any day now. Since we’re going to miss Q2 numbers again, I’ll be getting a head start on the July layoffs.
We’re already deep into cuts, low comp and raises, and clueless leadership. What we are experiencing now is a result of bad decisions from long ago. Leaders are hypocrites. They’ll praise you all day everyday, but when it comes time for your review and comp raise, they will stab you in the back.