PepsiCo, the world's second-largest food company, is facing a harsh reality as the company's sales continue to decline.
After taking steps to close several plants in the past, the snack food giant has once again taken drastic measures to close its Frito-Lay plant in Liberty, New York.
The result?
287 workers will lose their jobs by this summer.
PepsiCo has previously tried to attract buyers by producing healthy snacks like PopCorners, but these efforts were not enough to stem the decline.
PepsiCo stated that the company's growth was not fast enough to cover operating costs, coupled with a North American Frito-Lay sales drop of 11% in the fourth quarter of 2024, which forced the company to take drastic action.
More surprisingly, PepsiCo also plans to separate its beverage and snack food units in the international market, while in North America it will focus more on efficiency.
However, will these measures be enough to save their empire?
