Topics regarding layoffs at PepsiCo Inc. (Pepsi)
Loose lips sink ships. Just when you thought it was safe to go to work. Buckle up, another wave is forming in the deep blue sea.
Best (and highest paid) employees are leaving in droves on their own. And while I know leadership is probably celebrating the fact they don't have to pay as many severances - I'll enjoy it so much when the consequences of losing most of our best... read more
I witnessed several violations of the PEP code of conduct in this reorg exercise in AMENA.
Is a certain major media source really gathering information on questionable hiring and termination practices ? I thought people sign their life away when they accept a package ? Anyone else hearing rumblings about calls ?
For a good laugh go and look at Pepsico reviews on Glassdoor. There are so many 5 star reviews lately praising Pepsico for being a wonderful company with no down sides , great work life balance, great pay, great career growth, great everything blah... read more
So many people I know and see here say they're only staying at PepsiCo for severance. Do you not realize that severance is far from guaranteed? It's on the company to decide if it wants or doesn't want to provide severance. There is nothing in the... read more
I see it’s pretty quiet on this board regarding actual layoffs, and at my location none are happening? Is it really possible that they stopped with the cuts for now. Hard to believe when we heard all those stories about reorganization.
Seriously all you college grads with psych. degrees who Pepsi is recruiting, use your degree to figure out why they would need you to sell this c-ap! It's because you are young and they can steal your soul in five years max, move on to another... read more
If you follow any of the execs on social media, most seem to post like it’s their personal travel blog- about where they stay, which Super Bowl seats they scored with their friends and what fancy meals they enjoyed on the company dime. Great going... read more
Age discrimination should be relatively easy to prove. If a disproportionate number of well performing employees over 40 were terminated there should be a foundation for an argument. Cases where these oldest employees were selected from a common... read more
It would seem to me that when the oldest and highest performing employees are selected from the pack for termination, someone has some explaining to do. I would also argue that discrimination laws in other countries are not as relaxed as those in the... read more
I just got my bonus. I feel like Clark when he was enrolled in the jelly of the month club. I guess the savings in the head count reductions went to all the executives pockets
Any news on restructuring R&D? New CSO hinted at this in the townhall. Any specifics on time frame?
Does anyone know what the bonus multiplier is - 50%, 60% - ex employee trying to figure out payout...
I just read this in an article ( https://markettactic.com/pepsico-restructuring-layoffs-severance-pay-and-automation/2116/ ) and did a double take. That pretty much means we will have no resolution of this until 2023? Talk about being dealt a c-appy... read more
Seriously, is there? And I’m not saying that based from what i read on this board and what I see at the company. The fact that every year there are shifts and that older employees are not wanted has become an all-known fact. No people in my... read more
Anyone else having the DGAF feeling?
We baby boomers cost too much money and our knowledge/experiences gained through decades of loyalty with the company means zero. Those who remain will forced to required to keep the ship afloat while the legions of contractors at various outsourcing... read more
My husbands last day at Pepsico/Fritolay is March 23. His job was contracted out to India and Mexico. I am angry that they are taking jobs away from American's, If they want to save money, cut executives pay and bonuses. He is already getting a lot... read more
Pepsi is a big company and some workers will always fall in the bracket of old-timers. So if the goal of the layoffs and the reorganization is to cut the older employees, following that logic, layoffs will never stop and none of us are safe... read more
Does PepsiCo really "bridge" people to 55 for early retirement if they are let go between the ages of 50-54 or is this just a myth? I'm over 50 and know I will be let go before I reach 55 so I was wondering if I should stick around until I'm severed... read more
Is it just me or did the recent wave of layoffs appear to target older employees that had worked for the company for many years? Wouldn’t these be the employees with knowledge and experience that you would want to keep? How does a company get away... read more
Aldi. Unfortunately they're not American, they're from Germany. In 2016 they had about 25,000 employees and about 1,600 stores. In 2016 they announced a capital growth program and funded it. This included remodeling about 1,400 stores (making them... read more
How far did we get in the whole 70 percent of $2.5 billion for severance costs in the past few weeks? I don't think we are anywhere close to enough layoffs and closures to take a significant bite out of the announced $1.75 billion. I think the worst... read more
I know they are trying to get us to buy the story about efficiency and the use of new technologies to produce better results, but who really believes that. Plant closures, merging of regions, layoffs for me only means giving up on certain business... read more
It’s a game, they definitely know. The bigger question is why should they care? It’s a business not a social club. The name of the game is to make profit and cut costs. It’s profit first, not employees first. All of the rah rah sessions are just a... read more
Has anyone heard anything about rebadging? I was rebadged a few years ago and lost my benefits and severance. Then I was benched by the vendor (removed from the Pepsi account) just before my 2 year contract was up and they provided 0% assistance in... read more
Just curious if anyone knows of impact they plan for their Tropicana division? Mainly curious if will be buy out offers for all teir 1 employees. I read in other Pepsico companys some employees training their obviously cheaper replacements in short... read more
I'm just wondering, can the damage done to the company by previous (and current) management ever be undone? I personally think no. Things are so far gone that even if the best possible people were put in charge of PepsiCo, they would not be able to... read more
A new company to outsource to death! I'll be dropping my Prime now. She's gaining quite the reputation of Outsource Queen. Wonder how much she and her husband get in kickbacks from these outsourcing companies... read more
During Frito-Lays Town Hall meeting today, our Leadership team acted completely surprised that employee morale was very low and that all of the recent developments were even more demoralizing. The response was basically that they thought everyone... read more
Look what happen to Kraft-Heinz after a number of years of extreme cost-cutting: https://www.independent.ie/business/world/16bn-plunge-after-kraft-heinz-admits-old-brands-worth-less-37844330.html There was always the rumour doing the rounds that 3G... read more
It’s kind of frustrating being kept in the dark. They know we know, so why don’t anounce what are they trying to achieve, and then let the people figure out for themselves so they have a future at the company or not. In this way, they are just... read more
More layoffs? More closings? Nothing of the kind?
As I read through this email, it brought back anxious, yet resilient memories of when I was let go from PepsiCo last February. Here is what I learned and hope that in sharing, it provides a ray of optimism during what I personally knew to be a... read more
Maybe it’s in human nature to think everything will work out eventually and that the storm will pass, but judging by what they are announcing, this storm is here to stay. Automation, outsourcing, reorganization, layoffs,... does it really matter what... read more
PepsiCo is laying off corporate employees as the company commits to millions of dollars in severance pay, restructuring, and 'relentlessly automating. This is not true. The truth is that theyre shipping those jobs to India. It just better politics to... read more