Thread regarding PepsiCo Inc. (Pepsi) layoffs

Layoffs - Simple Math

For those of us in North America, it's a matter of simple math. I'm assuming we all follow the same PDR schedule...

Mid February is earnings and close or P2 - make some announcement during the earnings call to make wall street wet - announce a dividend increase so we can maintain that dividend aristocrat title and also hint at progress so banks keep playing nice with us. Keep employees on for the beginning of the year/the big super bowl push where we make like 20% of our annual plan and so the corporation can claim the Tax benefits for keeping people employed. Then what happens after the earnings call?

Last two weeks of Feb and early March we all go through performance reviews for 2018. In order to make sure the higher ups and higher salaried folks can still keep getting their 5-10% raises, the head honchos decide to lay people off and "reinvest" that money into the business. I.e., let's lay off some L10, take his 100,000 salary and give 20 remaining employees a 3k raise. Oh, and that extra 40k? Let's pocket it for a rainy day and spend it on sh--ty acquisitions like SodaStream and Kevita in hopes of striking it big.

F---ing pathetic. Our leadership is flailing in the water searching for a rescue, and they keep on failing but aren't facing any consequences. I hope wall street crushes their stock this week. Oh boo hoo, now the senior exec's $4m net worth dropped to $3.5m. Give me a f---ing break.

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| 3321 views | | 6 replies (last February 11, 2019) | Reply
Post ID: @OP+XzjUg3q

6 replies (most recent on top)

Post @xzs is sarcasm

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Post ID: @ftr+XzjUg3q

So true

sh--ty acquisitions like SodaStream and Kevita in hopes of striking it big.

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Post ID: @cxi+XzjUg3q

I'm hoping you aren't planning on being a merchandiser forever. I started with a worse job than that as a night loader in the 70s. Back then you could work your way up with promotions. Made it to a band 8 before of course my job was eliminated.

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Post ID: @zul+XzjUg3q

Indentured servant? Really? Just quit and find something else if you are that miserable. There are plenty of +$40K jobs out there if you want to work.... and not spend all of your time in the bathroom.

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Post ID: @pkv+XzjUg3q

It’s worse for me - I am a merchandiser whose manager is always micro managing my time. Kid is 23 years old bossing me around and I make less than 40k. These clowns Pepsi hires create spreadsheets to track my movement and tell me when I’m less productive than someone else. The only way to get a break is to hide in the bathrooms. I would bet I get sick twice as often as the average person since I’m always hanging out in the c-apper. I wish I would get a years pay and a lay off. Worst thing that could happen to me is I have to stay an indentured servant the rest of my life working in grocery stores.

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Post ID: @xzs+XzjUg3q

Totally agree.

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Post ID: @smx+XzjUg3q

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