Pepsi Cuts on the Way?
The pressure on Indra Nooyi continues to mount as the embattled PepsiCo CEO is considering plans to lay off roughly 4,000 workers and end the company’s 401(k) match in order to boost profits and increase shareholder value, according to The New York Post. The Post – which reported last month that the cola giant was preparing to lay off about 1,000 workers - noted that a final decision on the moves could come within a matter of days, citing sources close to matter.