Pepsi cuts jobs to automate: Report

Layoffs incoming at PepsiCo. Job listings data was once again predictive. We'll keep an eye on the numbers as always, but take a look at where Pepsi is at in terms of new job listings over time below. And follow us at @Thinknum for more alternative data insights like this! #pepsico #layoffs #jobs

This announcement hits a bit close to home since the Plano campus is right down the street from me and I know several people that are employed there. Whenever you read articles about AI and automation, it seems like it's some far-off technology that will take years to threaten real jobs. Well, this PepsiCo 4-year plan seems to indicate their commitment to automation. Given their operations range from Manufacturing to Marketing, this automation effort may serve as a barometer for what is to come with other Fortune 500 companies.

If nobody has a job then how can people earn money to buy products including PepsiCo products? This is the downside of automation and AI as it results in layoff's and if American & Westerner people cannot find another job they go on social security & food stamps then cannot afford to buy the products these companies using automations & AI are selling so the companies profits plummet then they try and cut costs further with more outsourcing & shipping in of cheap labor mainly from India so even more American & Westerner people lose their job so more on welfare so even fewer able to buy the goods & services the companies sell then the company either goes out of business like Sears & Payless Shoes & Toys-R-Us etc or is sold to some other mug of a company hoodwinked into buying the massive problem so they have major issues to so go out of business eventually themselves all causing investors & hedge funds & pension funds & shareholders to lose.

It always disheartenes me when I hear of closures of factories and letting go of employees. The process disrupts the flow of work with negative vibes felt across in every email and meeting. Sometimes I wonder if reviewing the compensation packages of the top #executives may come handy instead of coming down on the everyday families. But then again distribution of #wealth globally is distorted immensly. One would think that as the world is netted closely, more #humanity would be shown. This reminds me with the work I did in #Africa in launching #chocolate in New markets. They grow the #cocoa beans and have never tasted chocolate! #fwdConsultancy #emerging #leadership #organisation

PepsiCo announced last week that it plans to spend more than a billion dollars on severance costs over the next four years. This week, employees told me that lay offs have begun at the company. Pepsi isn't being super clear on where the cuts are going to come from, but it looks like the global company will be closing factories, automating positions, and reorganizing more generally. Here is what we do know, in Business Insider:

“Relentlessly automating” are key words here. https://lnkd.in/eCJkgYr

It always disheartenes me when I hear of closures of factories and letting go of employees. The process disrupts the flow of work with negative vibes felt across in every email and meeting. Sometimes I wonder if reviewing the compensation packages of the top #executives may come handy instead of coming down on the everyday families. But then again distribution of #wealth globally is distorted immensly. One would think that as the world is netted closely, more #humanity would be shown. This reminds me with the work I did in #Africa in launching #chocolate in New markets. They grow the #cocoa beans and have never tasted chocolate! #fwdConsultancy #emerging #leadership #organisation

It always disheartenes me when I hear of closures of factories and letting go of employees. The process disrupts the flow of work with negative vibes felt across in every email and meeting. Sometimes I wonder if reviewing the compensation packages of the top #executives may come handy instead of coming down on the everyday families. But then again distribution of #wealth globally is distorted immensly. One would think that as the world is netted closely, more #humanity would be shown. This reminds me with the work I did in #Africa in launching #chocolate in New markets. They grow the #cocoa beans and have never tasted chocolate! #fwdConsultancy #emerging #leadership #organisation