PepsiCo is in trouble, people are getting laid off left and right, and yet we keep acquiring other companies, the he latest one being Bare Food. What's the point?
I truly feel sorry for the poor workers of this company (and other companies) that has had the misfortune of being acquired by us. They have no idea what is about to hit them.
All you snowflake millennials complaining about the company trying build new revenue streams. Back when I started we took risks like expanding and merging. The company didn't exist so that you could pull a fat pension for clocking in and clocking out. This newest generation doesn't want to put in the work to make the company great. You all just want to sit on your couches snacking on lays and the work of your elders.
All of Jody Davids IT meetings are for employees only, that is nothing new.
Not a money issue. PepsiCo has plenty of dollars. It’s a leadership issue. Time for the “Old Guard” to step aside and allow fresh leaders to move the business forward. We once had a “can do” culture that permeated through every person and the work they did. Now... People are doing only what they have to do. Yep... There’s the leadership issue at work for all of us. Coke is kicking PepsiCo’s tail because they changed their toxic culture. PepsiCo better do something soon.
I don't think the company is financially troubled. There are loads of other incompetence and disorganization and other fundamental problems within PepsiCo whereby layoffs and other poor treatment of its staff may be consequence, but I don't think money is an issue with this company
Well. We need to sell dried beet chips instead of Doritos. We want to make the world a better place and drive down our stock price and cost people their jobs while we are at it.
Lots of (borrowed) money and no good internal ideas to organically grow revenue, so buy another company for its revenue stream and cut costs by laying off expendable employees.
This is similar to the private equity business model, and happening in basically every industry now due to lack of innovation and good ideas.