Tag Archives: 300 employees

Pepsi to Cut 3,300 Jobs

US credit crisis threatens

PepsiCo, beverage and food company based in Purchase, New York, announced plans on Tuesday to cut 3,300 jobs as it reported a 10 percent decline in third-quarter net income.

In a statement Pepsi said, The quarter was hurt by continued weakness in its U.S. liquid refreshment beverage category, which resulted in disappointing performance in its domestic beverage business.