With seth being now svp of juice (what kind of title is that?) and him being stripped down of responsibilities, it makes sense he will eventually leave (probably sooner rather than later) which would mean more turnover at sr leadership and more... — read more
No R&D reorg????
MK’s email said no reorg ... at this time. How can R&D stay the same if the business is food/bev. This is a joke. It’s obvious change is coming and it’s just looming on top of us. You have whole R&D teams that only supported nutrition and gng-type... — read more
This is a random ask
I actually dont work for PepsiCo I am with another company on this board that just laid off 4200 people, many of them in IT. I wanted to ask if your IT group will be affected and in what metro areas they may be. I am trying to put together as tracker... — read more
At least we got Muscle Milk
https://www.bloomberg.com/news/articles/2019-02-19/pepsi-buys-sports-focused-muscle-milk-in-new-ceo-s-first-move why announce an acquisition during layoffs
LOVE / HATE
Working at PEPSI in NY over many years has given me the opportunity to see many great things accomplished with talented and not so talented folks. I grew to love the culture and passion in those days but now feel a lot of hate for a company that... — read more
10-K Filing Signals Major Layoff
PepsiCo's 10-K (sec.gov, 2/15/19, p.56) states "approximately $800 million is expected to be reflected in our 2019 results. These pre-tax charges will consist of approximately 70% of severance and other employee-related costs." $560M will fund 2019... — read more
Who will stop them to continue with the reorgs throughout the year?
Think about it, if this shrinking proves to be successful, and it probably will cause the people that are left are going to be working their asses off, out of fear of layoffs and are willing to pick up the workload that will be left by the cut... — read more
Lucky Layoff: what kind of Severance Package to expect?
Just curious what kind of Severance Packages have been offered in the past...
Sad we get more info here than our company
That the news had more info than what has been provided is a sham of a way to do this. While never a great way, zero transparency is rubbish until the hammer drops. Multiple news agencies announced this was coming and crickets from within. Absurd.
Rebadging Again ?????
Rumor is that the remaining IT employees will soon be transitioned to offshore vendors. Outsourcing Or Bust is the game plan and PepsiCo is apparently ready to sell FTEs to the vendor.
why all the loyalty?
think about it: Too many people sitting around waiting for a payoff. Very little staff turnover difference between having an "outstanding" year, and "sailing along" is about 1.5% at calibration. people management is practically zero. all tick the... — read more
Schaumburg Updates
Nothing so far. Folks are just anxious. I've seen some rumors here and there is a ton of chatter on the ground - rumors flying left and right and that's never healthy. I just hope all of this is over soon, I pray they do not drag this for months as... — read more
https://twitter.com/TheLayoff/status/1097951361566683136
https://twitter.com/TheLayoff/status/1097951361566683136
CSC Impact?
Thoughts on how our Winston Salem Office will weather this storm?
Fishy? Global IT Town Hall (30 minute meetnig) invite sent out 1.5 days before the meeting
Hmm... only 30 minutes, and scheduled less than two days out. Anyone have any ideas about what this is about?
The workers from the bottom of the pyramid are always the biggest victims of reorgs
It’s kind of ironic how “regular” folks always pay the price of every reorg at Pepsi, while the ones that get us to the situation that we need reorganizing in the first place, or the ones that get “brilliant” ideas of how the company can become more... — read more
It has begun in NY
Lots of "retirements" being announced / communicated... The dominos are starting to fall
Brasil
Plant making beverage concentrate Manaus closing
Admin Culling
Apparently the admins in NY are taking a huge hit. 21 and counting.
Parkwood, FLNAHQ Bring Your Umbrellas Today
Suppose to rain all day today. Long slog around the building or through the parking lot to your car. No need to make a bad day worse by having to walk in the rain and cold without your umbrella. Good luck! Hope to see all my colleagues when this is... — read more
PQP Finally Paying the Price
Hopefully those who were involved in PQP will finally face the music as they spent millions upon millions with absolutely nothing to show for it except many frequent flier miles and hotel points. It goes from Band 5’s to Band 1’s and the waste was... — read more
FLNA 2C/3C
Did anybody else notice that several rooms on 2C/3C are booked the entire week by two individuals? Is that where they are bringing people in tomorrow?
Regions?
Is everyone going to 4 regions?
Entire threads are missing
Wow. Entire threads are missing from this site. That's a little unnerving.
What positions will be affected by layoffs?
I know it’s hard to tell, especially at this point, but I was wondering does anybody have any indication on what positions are they trimming the most and what are they trying to achieve with the layoffs and reorgs?
Enjoy today, worry tomorrow
No use in stressing ahead of time. I always feel sorry for people when I see how they let something like this ruin their whole lives. It's just a job. You'll find another one. It might not be easy at the very start, but you'll get there. Just don't... — read more
Layoffs have started already
I know of around 1 dozen peeps who are gone through the organization and it happened on Friday . I've heard this as well. People who think layoffs are not a certainty are naive (and I'm being very generous by using that word and not something much... — read more
How bad will it get?
Did anybody calculate how many people does $2.5 billion mean in severances?
Nothing yet
Well, Friday is done, Monday has started and still no layoffs, no major restructurings. I'm starting to believe that we fell prey to alarmists who were guessing that we were looking at another Valentine's Day culling as opposed to actually having any... — read more
“Winning” with purpose?
Are you kidding me? You put all these “leaders” in a room and this is the best you can come up with? Did you all hold hands and sing cum by yah too? Smiles everyone! Promote Sodastream. Leaner (layoffs, plant closings), faster, better. What a bunch... — read more
PepsiCo Outsourcing Article
Posting from another thread here because I think it needs to be seen. It's a great article about the reputation that sticks to Indra and will now start stinking up Ramon. https://www.ustechworkers.com/connecticuts-wolf-in-sheeps-clothing/
What should we expect this week?
Will there be layoffs this week? Will the details of the new restructure be announced? Any news if any HQ buildings will be closed on Friday?
How do they determine who is let go?
Is there any way to predict if my position or team may be at risk?
When the severance package comes - dialogue
Question to those laid off in the past. Did you have an opportunity to take a lateral role that required moving across the country, I’ve heard this before did they offer you a lesser role or severance or is it straight elimination of your job sign... — read more
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... — read more
What’s happening outside the US?
Can we expect the impact of layoffs outside the US to be as big? Thinking markets like ESSA and Canada? Has anyone heard anything?
Anybody know the layoff details?
Where are the layoffs already happening and what is the severance package? Thanks
Maybe we just got the date wrong
I would advise those who fell relief that nothing major happened today to hold of their celebrations. It’s more likely that we got the date wrong , rather than nothing big is in the making. Layoffs rarely occur on friday and monday or even tuesday... — read more