NPR : News

Filed Under:

PepsiCo Says It Will Cut 8,700 Jobs Worldwide

PepsiCo, the maker of Pepsi soda and Doritos chips, said it will cut 8,700 jobs worldwide. That represents about 3 percent of its 300,000 person global work workforce.

The announcement also comes just after the company announced better-than-expected fourth-quarter earnings. The Financial Times reports that net income for the company rose 3 percent to $1.4 billion and revenues were up 11 percent to $20.1 billion.

The job cuts, reports the AP, were prompted to try and make up for the higher cost of ingredients and are expected to save the company $1.5 billion in the next three years.

The AP reports:

"At the same time it's making cuts, PepsiCo also is planning to invest in its business.

"PepsiCo plans to increase advertising and marketing behind its brands by $500 million to $600 million in 2012, with a particular focus on North America.

"It also plans to invest $100 million on in store racks, displays and coolers. Additionally, it plans to increase dividends and share buybacks in 2012 to return cash to shareholders."

Copyright 2012 National Public Radio. To see more, visit


Christopher Marlowe Credited As Shakespeare's Co-Author On Henry VI Plays

True authorship of Shakespeare has been debated for centuries. Now, the New Oxford Shakespeare edition will list Elizabethan playwright Christopher Marlowe as co-author on the three Henry VI plays, part one, two and three. NPR's Robert Siegel talks with Florida State University professor Gary Taylor, one of the general editors of the new volume.

2,500 Years Ago, This Brew Was Buried With The Dead; A Brewery Has Revived It

In an ancient burial plot in what is now Germany, scientists uncovered a cauldron with remnants of an alcoholic beverage. They teamed up with a Milwaukee brewery to re-create the recipe.
WAMU 88.5

Do Hyper-Local Term Limits Work?

Montgomery County residents are voting this fall on term limits for their local council representatives. Are they picking up on lessons learned from Prince George's County?

WAMU 88.5

AT&T’s Proposed Acquisition Of Time Warner

AT&T’s bid to acquire Time Warner: Join us to talk about what the proposed merger of the country’s second-largest wireless carrier and a major content company could mean for consumers and the future of U-S media and telecommunications.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.