In the tech sector, numerous big-name companies, including Amazon, Block, and Squarespace, have already cut roles or are planning to. But workplace reductions are not limited to just tech.

Yesterday, soft drink giant PepsiCo, Inc. (Nasdaq: PEP) reportedly announced that it will lay off around 1,000 employees in North America as sales in the region underperform. Here’s what you need to know.

PepsiCo CEO Ram Krishnan wrote to employees stating that the company will cut around 1,000 positions in North America in the coming days, multiple media outlets reported.

In the email Krishnan sent to employees (per CNBC), the Pepsi boss said the company’s ambitions were to “build a stronger, more future-fit business that delivers industry-leading growth” in North America.

He added: “To do that, we need to be faster, more connected, and more capable, while continuing to invest in growth — behind our people, capabilities and brands.”

“We will simplify how we operate, better connect teams and strengthen the capabilities we need,” Krishnan wrote. “The goal is to move faster, execute better and invest behind the opportunities that will drive our growth.” The Wall Street Journal first reported the layoffs.

The layoffs will be limited to Pepsi’s North American workforce, which includes roughly 125,000 positions in the United States.

Worldwide, Pepsi employs about 306,000 people as of the end of last year. The layoffs will reportedly happen over the coming week.

Last month, Pepsi announced its Q3 2026 financial results, which were broadly respectable. 6%, and operating profit increased 19%.

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