PepsiCo to Cut About 1,000 Jobs as North American Sales Lag
PepsiCo will cut about 1,000 North American jobs as beverage volume fell 2%, food volume stayed flat and the company’s sales turnaround runs longer than expected.
Topic
Restructuring
Topic
Restructuring
NAB Ventures in doubt under bank’s 2,500-job simplification program
Capital Brief confirms NAB Ventures is included in National Australia Bank’s 2,500-job simplification. Staff face redundancy or c…
KLM’s 5,000-Position Plan Targets €1 Billion More Annual Earnings
KLM will eliminate, outsource or transfer nearly 15% of its workforce, target €1 billion in additional annual earnings, and overh…
Poundland Suppliers Face Millions in Losses as Owner Weighs Breakup
Poundland suppliers face millions in losses as owner Gordon Brothers weighs a breakup that would repay its £30m loan. 12,000 staf…
Disney Prepares Several Thousand Layoffs, Targets Up to 20% Cost Cuts
Disney plans several thousand layoffs with managers asked to cut costs by up to 20%, the third and largest round under CEO Josh D…
Squarespace Cuts 300 Jobs as AI Upends the Website-Building Market
Squarespace confirms a 19% workforce cut, around 300 jobs, as prompt-driven AI builders like Lovable and Google's Stitch reshape…
Volkswagen Posts $6.5 Billion Quarterly Loss on China Slump and Porsche Write-Down
Volkswagen lost $6.5 billion in Q3 as a Porsche write-down, China's demand slump, Trump tariffs and thin EV margins pile pressure…
GSK shares slide 7% as vaccine weakness and £318m charges rattle investors
GSK fell as much as 7% to become the FTSE 100's biggest loser as Shingrix and Arexvy sales declined and £318m in restructuring ch…
American Express Cuts 5% of Workforce, Takes $336 Million Charge
American Express is cutting 5% of its roughly 77,000-person workforce and taking a $336 million charge to flatten the company bef…
Citi CEO Jane Fraser: 'We have to beat the best' as turnaround pays off
Citigroup posted its best Q3 revenue in a decade, and CEO Jane Fraser says the heavy lifting is over. Next up: AI agents, 175,000…
Nike Stock Falls 8% as Revenue Miss and Layoffs Loom
Nike shares dropped more than 8% after Q1 revenue of $11.21 billion missed estimates. CEO Elliott Hill says job cuts are coming u…