PepsiCo has always fired people AKA Layoffs. In the 25 years I was there it was great company because of the people not the management. I experienced 22 large layoffs in my 25 years. Always laying off people after 20 to 25 years except upper management. I have a list of about 240 people I directly worked and keep in touch with that worked at Purchase that were all excellent employees that all were LAYED OFF only for management to have Christmas parties at executive houses that night of the layoffs and spending millions on landscaping. Glad to see Indra go . . . . maybe new CEO will value his people.
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If beverages are sold, what will the company be called, Lays? How about nutrition in Chicago, just curious...
The new CEO needs to sell the beverage division and make it stand on its own two feet. Then they would see that 15% of the people in MEM are collecting paychecks for doing nothing.
I doubt the new CEO cares anymore about frontline employees than predecessor. For that fact, the current management people who are making big money. Those people would watch a frontline employee die if it meant adding to their bonus. Maybe today (10-2) stockholders see how terribly the beverage end is being run and that's why stock is down 2%.