Thread regarding PepsiCo Inc. (Pepsi) layoffs

FY 2017 Earnings Call Just Announced on Feb. 13th, 2018

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Pretty sure its the typical rah rah "we made billions but don't give anything to the employees who made that happen" meeting

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Is this just a regular feedback meeting on how the company has performed in 2017? There seems to be lots of "10%" cut mentioned on this site, but surely that has already been met through natural wastage?

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