To Simplify The Organization, Pepsico Will Lay Off Thousands Of Workers At The Headquarters In The USA
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The economic situation has also affected food companies. These types of companies are also planning layoffs.
Laying off workers at the headquarters of North American
In recent months, companies in the tech and media sectors have been laying off workers to cut costs as economic uncertainty puts pressure on their businesses. Several companies in the food industry have also made redundancies.
The overall US labor market remains historically tight, with employers competing for limited labor pools and pushing up wages despite an uncertain economic outlook.
PepsiCo, which makes the namesake Pepsi soda and products such as Gatorade, Lays chips and Quaker Oats, is reportedly cutting jobs.
Food and beverages sold in grocery stores are in high demand despite rising prices affecting many households. PepsiCo and other food companies are raising prices to compensate for higher ingredient, shipping and labor costs.
PepsiCo employed approximately 309,000 people worldwide, including approximately 129,000 in the US, as reported on December 25 last year. The layoffs will affect workers at her food and beverage businesses in Chicago; Plano, Texas and Purchase, New York. The company's beverage division is expected to be hit harder by the cuts, as the snacks division has already reduced staff through a voluntary retirement program, according to The Wall Street Journal.
PepsiCo explained that the layoffs aimed to “simplify the organization” to ensure further operational efficiency.
Wall Street is cautiously optimistic about PepsiCo stock. Currently, PEP is trading at the highest prices of the year.
PepsiCo Inc. Chart
Meta and cross check
Unfair deference to VIP users of Facebook and Instagram services under a program called “cross check”.
Meta asked the board of directors to review the cross-checking process last October and has committed to responding to the group's questions. The Board noted that during the review period, Meta committed to carrying out annual cross-check reviews.
The report provides the most detailed review to date of cross-checking, which Meta described as a quality control attempt to prevent moderation errors on content of increased public interest. The board report does not question the value of the secondary review system for moderating posts from high-profile or sensitive accounts. Moreover, the board's opinion blamed the company for its continued understaffing, opacity, and unfairness of the program.
Meta claims that the board's content decisions are binding, but is under no obligation to follow its recommendations more generally.
The supervisory board called on Meta to make 32 changes to the program. Examples of suggested improvements include separating the process of granting protections for public interest from the process of granting protections to Meta advertisers, or isolating the program from the influence of Meta's public policy team and other managers. Mr Rusbridger said he did not expect Meta to accept all of the board's recommendations.
Currently, there is a correlation in the Meta stock price, the question is whether it will continue.
Source: wsj.com
