PepsiCo Announces Major Restructure: Cutting 20% of U.S. Products, Embracing Automation
PepsiCo is embarking on a bold turnaround plan aimed at reviving its sales and shedding underperforming lines with a drastic 20% cut to its U.S. product lineup by 2026. Spurred by activist investor Elliott Investment Management, the plan includes layoffs, digitalization, and innovation initiatives focusing on healthier ingredients and affordable pricing. This sweeping change comes amid stagnant consumer demand and a challenging financial landscape.
Dec 12