WSJ Exclusive News |  PepsiCo to cut hundreds of head office jobs

PepsiCo Inc. is laying off workers at the headquarters of its North American snack and beverage divisions, a signal that corporate belt-tightening extends beyond technology and mediaaccording to people familiar with the matter and documents reviewed by The Wall Street Journal.

Hundreds of jobs will be cut, one of the people said. The cuts affect the company’s North American beverage business, which is based in Purchase, N.Y., and its North American snack and packaged food business, which has headquarters in Chicago and Plano, Texas, the people said.

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