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PepsiCo plans layoffs as part of talks with activist investor

Posted online December 9, 2025 | 7:22 am

PepsiCo Inc. is planning to make layoffs as it wraps up talks with activist investor Elliott Investment Management.

The company additionally intends to reduce its U.S. product lineup by 20%.

Elliott, which built up a $4 billion stake in PepsiCo earlier this year, has sought changes to its portfolio and other aspects of the business.

Read more from Bloomberg.

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