PepsiCo plans to cut hundreds of corporate jobs, report says

(CNBC) PepsiCo is eliminating hundreds of corporate jobs in North America, according to the Wall Street Journal. The layoffs will affect employees of its food and beverage businesses in Chicago; Plano, Texas and Purchase, New York, the Journal reported, citing people familiar with the matter and a company memo. PepsiCo’s portfolio includes Gatorade drinks, Frito-Lay snacks and Quaker Oats foods.

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