Market Chatter: PepsiCo Eliminating About 1,000 Jobs Across Food and Beverage Division

02:21 PM EST, 11/09/2026 (MT Newswires) -- PepsiCo (PEP) is cutting around 1,000 jobs across its food and beverage division to streamline operations, The Wall Street Journal reported Monday, citing a letter from PepsiCo North America Chief Executive Ram Krishnan to employees that it viewed. PepsiCo didn't immediately reply to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 142.95, Change: +1.61, Percent Change: +1.14