PepsiCo is preparing to lay off hundreds of U.S. workers at its three main divisional headquarters in a possible sign its brands may struggle to pass further price hikes onto indebted consumers.
In a memo obtained by the Wall Street Journal, the company that markets everything from Lay’s potato chips and Quaker Oats to Gatorade energy drinks told staff that cuts would disproportionately hit its beverages business as snacks already undertook a number of redundancies.
