PepsiCo layoffs, on the record
Every job cut, severance charge and restructuring PepsiCo reported in its annual reports, 2022 to 2025, quoted from the filings. Headcount went from approximately 315,000 to approximately 306,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2022 | approximately 315,000 | December 31, 2022 |
| 10-K for 2023 | approximately 318,000 | December 30, 2023 |
| 10-K for 2024 | approximately 319,000 | December 28, 2024 |
| 10-K for 2025 | approximately 306,000 | December 27, 2025 |
Job cuts, severance and restructuring
None of PepsiCo’s annual reports for 2022 to 2025 describes a layoff, workforce reduction or restructuring.
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | — | $125 million |
| 2017-12-30 | $311 million | $113 million |
| 2018-12-29 | $316 million | $255 million |
| 2019-12-28 | −$2 million | $350 million |
| 2020-12-26 | −$1 million | $255 million |
| 2021-12-25 | $1 million | $256 million |
| 2022-12-31 | $0 | $224 million |
| 2023-12-30 | −$1 million | $434 million |
| 2024-12-28 | −$5 million | $436 million |
| 2025-12-27 | — | $796 million |
PepsiCo filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from PepsiCo’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2026-02-03. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.