PepsiCo announces job losses as profits lag

October 14: PepsiCo revealed today its plan to axe 3,300 jobs and close six plants as tries to reconcile flagging North American drinks sales and a surging US dollar.
The announcement came as the global snacks and drinks maker reported a 9.5 percent drop in third-quarter profit and offered a downbeat profit outlook.
The job losses, which will affect managerial and factory jobs both in and outside the US, amount to 1.8 percent of the company’s current global workforce of around 185,000 employees. Most will be lost in the coming months, said chief financial officer Richard Goodman.

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