PepsiCo to Reduce Prices and Drop Select Items Following Activist Investor Deal
Global snack and beverage giant PepsiCo has announced a significant price reduction strategy and plans to drop select items from its product portfolio following a deal with activist investor Elliott Management. The move aims to enhance profitability, streamline operations, and respond to shareholder demands. Alongside these measures, PepsiCo has confirmed plans to lay off employees,…
