Thread regarding PepsiCo Inc. (Pepsi) layoffs

Insights from an ex-B1

I was a B1 impacted last year as part of the “Valentine’s Day M---acre” on Wednesday 2/14. I was looking at thelayoff.com this time last year so I wasn’t completely surprised when the hammer came down. My manager pulled me into a conference room around 3pm. When I walked in, there was an HR rep sitting in the room. They told me that my position was being eleiminated and gave me a folder with documentation and my severance package. I was also told I’d receive my bonus and needed to return the signed severance paperwork by a certain date. They shook my hand and gathered my things and left. I was allowed to come back on Friday to clean out my desk and hand over my ID and corporate card.

I want to provide a few words of encouragement and just say that there’s life on the other side. The PepsiCo name carries a lot of weight in the job market. Three months after being laid off, I was able to secure a new job with a great brand. I have a more senior title and my salary is significantly higher than my old PepsiCo salary. Being laid off from PepsiCo was really scary in the moment but, in hindsight, I’m better off for it. I’m happier and I’m glad to have PepsiCo behind me (for many reasons). Keep your heads up colleagues. It gets better.

by
| 3412 views | | 2 replies (last February 16, 2019) | Reply
Post ID: @OP+XENAnv0

2 replies (most recent on top)

This is accurate from my experience and those close to me. Finding a similar role and compensation pkg has been much tougher for those who were B2 or B3 though. Headhunters also say it can commonly take a full year for those levels to land a similar role right now b/c of all the big F&B company consolidations and job cuts. Depending on the job function, staying local may not be an option either.

by
| | Reply
Post ID: @dxi+XENAnv0

Thank you for your years of hard work and these comments #trueleadership

by
| | Reply
Post ID: @rzi+XENAnv0

Post a reply

: