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PepsiCo Plans to Reduce US Product Line by 20%, Make Layoffs
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PepsiCo (PEP.US) reached an agreement with activist investor, Elliott Investment Management, and announced plans to reduce its US product line by 20% and focus more on affordable product pricing. PepsiCo also updated its financial guidance for 2026, forecasting natural revenue growth for FY2026 to be between 2% and 4%, with market expectations averaging around 2.7%. Furthermore, PepsiCo is taking measures to cut costs, improve production efficiency and update production processes to invest in other business areas, which will involve layoffs. AASTOCKS Financial News Website: www.aastocks.com |
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