Core Viewpoint - PepsiCo is preparing to announce layoffs as part of its initiatives to enhance shareholder value and improve operational efficiency in response to pressure from activist investor Elliott Investment Management [2][3][4]. Group 1: Company Initiatives - PepsiCo's CEO Ramon Laguarta outlined plans to accelerate organic revenue growth, achieve record productivity savings, and improve core operating margins starting in 2026 [2]. - The initiatives include targeting affordable price tiers for products, reducing operational costs, and leveraging automation and digitalization to enhance global productivity [2]. Group 2: Layoff Reports - Reports indicate that PepsiCo will cut jobs in the U.S. and Canada, although no official announcement has been made yet [4][7]. - The company has previously laid off 500 employees following the closure of two Frito-Lay facilities in Orlando, Florida [8]. Group 3: Employee Work Arrangements - Employees in major North American offices have been instructed to work from home, a common practice during layoff announcements to mitigate emotional impacts on staff [5][6]. Group 4: Stock Market Reaction - PepsiCo's stock price experienced a modest increase of less than 2% following the announcement of initiatives, but has since declined by about 0.5% [9]. - Since the beginning of the year, PepsiCo shares have decreased by approximately 4.5%, and over the past twelve months, the stock price has fallen by about 8.9% [9]. Group 5: Financial Performance - In Q3 2025, PepsiCo reported net revenue of $23.9 billion, reflecting a year-over-year increase of about 2.6% [10].