Heard this from a colleague, can it be true?
7 replies (most recent on top)
Jobs are moving locations
Same outcome
Most certainly will be before 6 more months. Especially for those over 50 or higher. Those are the ones who Pepsi thinks they pay too much, and most have the pension. More outsourcing and downsizing and they’ll look to the older folks first. This was a great company at one time. It could be again but I’m glad I won’t be here to see the rebirth.
And most of us got 1.5% increase this year
Supervisors work 60 plus hours a week and most execs work from home twice a week and take several needless trips a month to boost their travel points while making 4-5 times more. Typical Pepsi way
Hard to trust anything this leadership says. Honestly, they gave themselves a HUGE pay raise with the 15% dividend increase so they got what they wanted. Commodity inflation is up and we cannot pass all the increased costs to the consumer. Everyone should know that it’s just a matter of time before we experience another layoff. Also, go online and look up the top 5 individual shareholders of PEP stock. You’ll see what I’m talking about when I mention they got a fat pay raise as a result of the dividend increase. Tiny bonuses to a small subset of employees and then the dividend increase. They will definitely lay you off if it means putting an extra buck in their pocket.
and do the bare minimum until this is all over, saw a lot of people working hard in February thinking that would make a difference, it didn't save them from being walked out the door with a package
Do not trust...