Check out this article. They are playing all sides:
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Cut jobs
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Give $1000 bonus checks to certain people ( only ones that make and deliver product )
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Buy stock back
NEW YORK (AP) — PepsiCo reported flat revenue for the last few months of 2017, and said that it will cut some jobs while giving others bonuses of up to $1,000.
The layoffs, which will affect its corporate employees, amounts to less than 1 percent of its more than 110,000 employees, the company said Tuesday.
Bonuses go to those who make PepsiCo's snacks and drinks, and those who deliver them.
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MIAMI -MARCH 22: Bottles and cans of Pepsi soda are seen on display in a store on March 22, 2010 in Miami, Florida. PepsiCo announced plans to cut sugar, fat, and sodium in its products to address health and nutrition concerns. The maker of soft drinks including Pepsi-Cola, Gatorade also makes Frito-Lay brand snacks.
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Like other major corporations this year, PepsiCo is citing a major overhaul of the nation's tax code for the bonuses. It did not say how many workers would receive them, or what the criteria is for the size of the bonus.
The company will also use its tax savings to bump its annual dividend by 15 percent and increase its share buyback program to $15 billion, from $12 billion.
However, sales slipped across its businesses in North America, including its soda and water unit, Doritos maker Frito-Lay and oatmeal business Quaker. Sales rose in Latin America, Europe and Africa