Two years ago, we embarked on a journey to transform our business and enable us to Always have a portfolio of choices consumers want, Everywhere they shop. We adapted our operating structure and created new ways of working to fix bottlenecks and keep pace with the rapidly evolving needs of our business and the marketplace. These changes enabled us to deliver record growth in the face of sustained and historic headwinds.
The 2020 transformation was made possible in part by our first-ever Voluntary Retirement Program (VRP). This program helped us offset the increasing costs of doing business and further unlocked productivity and savings. It also received such positive engagement that we offered it again this year, and it has again been successful.
This week, PepsiCo will take steps again to simplify the organization so we can operate more efficiently. Thanks to PFNA’s previous restructures and our VRP participation, our impact will be relatively small in scale. However, out of respect and for the privacy of those impacted, we encourage all HQ associates in Plano and Chicago to work from home Monday through Wednesday.
We acknowledge change is difficult and are committed to supporting our impacted teammates through this transition.
Thank you for your continued perseverance and commitment to PepsiCo.