Pepsi will cut thousands of jobs, spend money on marketing

    PepsiCo is getting ready to cut 3 percent of its global workforce and spend the money on marketing instead.

    Bloomberg reports the company will cut 8,700 jobs by 2014, saving itself about $1.5 billion. Efforts will then turn toward marketing and competing with Coca-Cola.

    Lay’s, Mountain Dew, Gatorade and Tropicana will get the most attention, and $100 million will go toward display racks and deliveries.


    • WHYY thanks our sponsors — become a WHYY sponsor

    The company’s net income was up to $1.42 billion in the fourth quarter.

    WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.

    Want a digest of WHYY’s programs, events & stories? Sign up for our weekly newsletter.

    Together we can reach 100% of WHYY’s fiscal year goal