Layoffs Fall of 2024. HQ roles slashed; Divisions shrunk

This is my prediction: There's no alternative. It wouldn't surprise me to see beverages spun off in the long term.

Ram is talented; he can fill Ramon's shoes, deliver what investors desire, cut costs, consolidate roles within our core brands, and close down R&D. This would likely position him as CEO, with ample opportunity ahead, surrounded by top minds from A&M, HQ, FLNA, and PBNA.

There's no alternative. Streamline 90% of administrative functions, close non-essential cost centers not involved in Making, Moving or Selling. May the odds be forever in your favor.

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For the person asking about their bonus, it is only paid out if you are still employed January 1st of 2025 for the 2024 bonus.

This rumored plan has been around for 15+ years. As with most things, it takes a while to get things in motion. Saw the the writing on the wall with the first batch of jobs going overseas about 8-10 years ago. I knew then it was time to RUN, don't walk for the door.

I hope the payroll transition is successful so they can release me from this dump.

How will they spin off beverages after spending a 4 yr sh-t show getting it and Frito on SAP?

I wondered why LG1 roles were getting posted less and less. Never seen fewer jobs available than today on the boards.

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It has been a slow burn. A lot of retirements that are slow to backfill I was thinking, not at all seems to be true.

I heard from an insider that the streamlining process will continue until either of the two below conditions are met.

The streamlining/reduction of financial operational & support costs to agreed-upon cost numbers Ramon & Athina made to the BOD in 2023. Keep laying off in small patches so it won't be reported and see who will just retire and/or leave to reach the number.
Keep laying off to reduce costs until the end of Q1 2025. They're projecting they'll reach the agreed-to number through this process if Option #1 doesn't work.

They're hoping #1 will get them to that number quicker so they don't have to continue the small batch layoffs through Q1 2025.

This isn't great news but intuitively I feel this coming. I won't be working in the field and I am not the best of the best

Being over 60 with 35 years will they pay me out my bonus for next year if something happens in fall? I need that extra $10,000 to pay off my credit card if it happens

It is happening on the Frito side.
No admins in offices other than maybe twice a week. As a payroll admin, we are done by the end of 2025. hoping for a package by February so they can pay me until December 2025

Unfortunately it’s heading that way. When I first started we had an office full of administrative professionals. No longer true.

The gigs up!

Thread regarding PepsiCo Inc. (Pepsi) layoffs

Layoffs Fall of 2024. HQ roles slashed; Divisions shrunk

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