Have any VRP been offered yet ? The last offers were last November almost exactly 1 year ago. In a few weeks they will be on the hook for lots of new 9 % ACH contributions they will have to make every paycheck after the pension plans stop accruing... — read more
Layoffs & Offshoring
Will layoffs affect offshoring in the context of it increasing or decreasing?
The PR articles are starting to come out. PepsiCo is cutting nearly 20% of its SKUs + Layoffs announced
do a a quick google search, multiple articles released today. Feels like they are easing into what’s to come.
What the damage today
Who was laid off today? Which teams? Sales, warehouse closures, or corporate teams? I heard S&T is still afloat.
Corporate has more fat than regions but they always penalize the ground execution teams
Corporate teams just spin papers, PowerPoint and wage a lot of time in meetings Look at all failed product launches, marketing initiatives, strategic bs, bad acquisitions. Yet its regions who have to pay the price
Is this true? Any other information?
Commercial team today (immediate). Field sales teams tomorrow (future state). Need to right-size for the future. Q2 1NA launch on a large scale. @aq+1kbzgjt4w
Hoping JUST ONE SD/VP looks at the package and says “nah, I’m good” and goes full scorched earth
I swear, if even one of them — ideally some crypto-rich ba----d who’s already set for life — just quietly refuses the package, keeps vesting, and then unleashes he-l…Organizes the PSRs, starts a union drive, dumps every single Slack thread, every... — read more
Layoff
as a merchandiser of 15 years iwish I was offered a severance package lol
This will be a horrible week
I was hoping that whatever happens, it would be done in one day so we can move on. But with how little info we're getting and how slowly things are developing, it seems this will be a week-long affair, at least. I'm not looking forward to all the... — read more
What’s the point of town halls, again?
It’s peak gaslighting. Not a shred of information on anything even remotely important.
Stressed
Does anyone have ANY information on who will be affected?? Like teams/sectors?
Email from Plano and TPC R&D site head
Good Morning Plano and TPC R&D! We know some of you may be included on Distribution Lists outside of the R&D-DL and may have seen a note sent to North America specific functions regarding restructuring this week. To clarify, this message does NOT... — read more
Any news on lay off yet?
Has anyone heard of who has been impacted as of this morning? All quiet on my end and I’m in a Corporate role.
PepsiCo S&T Townhall = Pure Spin. No truth
Today’s S&T townhall was a masterclass in corporate spin. They bragged about “wins” and “momentum,” but flat-out refused to address the mess happening behind the scenes. Not a single word about the plants being shut down. No mention of the layoffs... — read more
Regions are back
Looks like Pepsi has decided to go back to the region structure lol…
Leadership Change
Those of you saying that without a leadership change this won’t be a big deal. Steve Llewellyn‘s retirement was announced Friday. John Dean is coming to Frito US from Beverages. That’s probably the first domino. Since it’s PEPNA, that’s the US and... — read more
If I hit refresh one more time, I’m going to lose my mind
Stepping away for a bit. Wishing good luck to everyone.
Email just came informing everyone to WFH! Check your inboxes.
Whatever happens, just know your actual value isn’t going to matter
If anything, the better you are at your job, the higher the odds you get cut. The only guiding principle has been the short-term bottom line. Not long-term stability, and definitely not some bold strategic vision. That would require effort. So brace... — read more
Anxiety
This anxiety is ki-ling me. Not knowing what groups are affected or the rumored groups… someone has to know something…
What are the chances we're getting worked up over something small?
Is there even a small chance that could be true?
This has been a cr-ppy weekend so far
Worried, and not really having any clue what is going to happen.
Did you do any proper work this week?
With all the uncertainty, my productivity was lower than ever. It wasn't even intentional, I just couldn't concentrate on work.
Free Bird Here
I see nothing has changed at the Great Blue Monster. Check in here occasionally to find out how many lives they are wrecking this year. Was caught up in 2022 layoff at PEP after 15 years when my department was offshored. The last 3.5 years are the... — read more
PepsiCo Hunger Games
Enjoy your weekend everyone and come Monday may the odds be ever in your favor! For the survivors make sure you add on at least 2 peoples work load to your overstuffed plate to help your work life balance! Toxic wasteland!!
No guess or speculation. What’s really happening today and next week.
I’ve got ideas but very little factual information. There are people that know what’s happening. So close now just spill it
If it’s true that emails are going out tomorrow
will everyone be notified on the same day?
Pepsico nears settlement with Elliott
Buckle up Pepsico for a bumpy ride. https://www.wsj.com/business/deals/pepsico-nears-settlement-with-activist-investor-elliott-dbda9a2a
We need more transparency
Why is it so hard to keep us properly informed about what's going on? Why do we have to guess and put together scenarios based on a sentence here and an email there? What does it cost them to be open with us? Even if it's bad news, it's always better... — read more
S&T cuts?
I have not heard anything, just rumors. Does anyone have any info on how the landscape of S&T will change? Will DPA finally be eliminated for good? Dave’s org to be shrunken? D&AI???
Dec 8th?
Did anyone receive confirmation it’s the 8th? I am hearing potential demotions for people and complete reorgs
Trying to understand the whole RTO thing
If it’s not in set stone writing by HR … how can they really even enforce this? Also do we know yet how managers will be getting reports of employees coming into the office? Is it by badge scans? By seeing if device is connected to building WiFi?
For those not in Sales - explain today??
I’m from the FLNA side but not in sales… so can folks explain why today’s Steve Llewelyn retirement news and John Dean promotion is good or bad? The context would be so appreciated for those of us not in sales. Thanks y’all.
Rams email
See Ram’s email? Rat’s are fleeing the sinking ship.