Pepsi cutting 3,300 jobs to cut costs

Pepsi cutting 3,300 jobs to cut costs

PepsiCo has announced that they are now going to cut 3300 jobs in their operations.

The aim is to cut costs as their profits fell down by around 10% in the recent times.

The company would also be closing down six plants in an effort to save $1.2 billion over three years.

PepsiCo Chief Executive Indra Nooyi said in a statement on the new developments: “This will enable our competitiveness and give us breathing room to respond. It is no news to you the economy is turbulent and there are uncertainties and volatility in every part of the environment.”

she added: “While we can’t control the macroeconomic situation, we can enhance PepsiCo’s operating agility to respond to the changing environment.”

Company CFO Goodman added: “We’re looking at re-engaging consumers, keeping the ones we have and making sure we’re getting additional consumers into the fold.”