PEP · News · 20261020N
Headcount / Restructuring
PEPSICO INC · 2026-10-20 · Importance 31 · Surprise 42
PepsiCo closed its bottling plant in Knoxville, Tennessee, as part of a turnaround of its underperforming soft-drinks business. The closure resulted in 112 layoffs, while PepsiCo retained sales and delivery operations in the Knoxville market. CEO Ramon Laguarta said the company would prioritize growth-related activities and exclude activities not related to growth from its focus, indicating continued cost-cutting and footprint optimization.