Everywhere I look, media is talking about PepsiCo's acquisition of Muscle Milk. No mention of layoffs. Once again, the company managed to bury the news that would have caused bad publicity with something else.
Or nobody cares about people being laid off anymore. Either way, it s---s.
Some coverage here:
https://www.thisisinsider.com/pepsico-layoffs-begin-restructuring-plan-kicks-off-2019-2
Theyre waiting for total body count, I'm sure
Not sure I would call laying out layoffs and plant closures along with specific dollar targets for 2018, 2019 and balance through 2023 as hiding it. Did you read the QE report?
Activision got skewered by national media for laying off 800 people, probably because they announced it during earnings
Anyone notice that Ramon and Hugh never directly addressed the fact that we're going through a MAJOR restructure during the call? No mention of layoffs or anything - great way to hide the fact
No they don’t, but when the lazy government workers who are only out of work 2 weeks It’s a national crisis and everyone is rolling out the red carpet for them .