I was with the company for 21 years before they let me go in Feb. so my opinion may be biased but based on experience.
If you are in IT I would not be hopeful for a long term job with the company as just every function and team will be outsourced.
If you are on the business side and customer facing you probably have a salary near the bottom of your band pay scale which may give you some job security for a couple of years.
The PepsiCo of today is not the same company that hired me two decades ago. Back then employee appreciation and loyalty meant something. On the Beverage side saying someone was "True Blue" was a compliment to individual for their knowledge of the business and their loyalty to the company. These days leadership regard a FTE as a liability to be let go at the first opportunity. Employee Appreciation is a joke, a HR propaganda exercise that means little. Employees are asked to do more as functions continue to reduce head counts and those with the most seniority and knowledge are being let go. With the toxic work environment that the current leadership has created, the continue drive to outsource, restructure or whatever to reduce headcounts and costs so that the company can spend billions of dollars to buyback shares rather than reinvest the money in the business and its employees I would not advise you to hope for a long term prosperous future with this company