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PepsiCo to cut 1,000 North American jobs amid sluggish sales and lowered earnings outlook

Market News
09 Nov 2026, 22:41 WIB
CNBC
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Bearish
PepsiCo to cut 1,000 North American jobs amid sluggish sales and lowered earnings outlook

PepsiCo announced plans to cut about 1,000 jobs across North America as part of efforts to streamline operations and improve connectivity among teams. This move comes amid weaker sales in its home market, with North American beverage volume down 2% and food volume flat in Q3. The company also lowered its 2026 earnings outlook in October, signaling challenges in turning around its business despite price cuts and marketing investments. PepsiCo aims to build a more agile and growth-focused North American business moving forward.

PepsiCo holds a market cap of $192.61 billion and offers a dividend yield of 4.19% as of Nov 10, 2026 04:02 WIB. The stock price on Pluang is USD 141.97, showing a modest 0.47% gain over one day. Despite the company's recent announcement of job cuts and lowered earnings outlook, investor interest remains strong with 82% of order activity on Pluang being buys.

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