PepsiCo Inc.'s Frito-Lay snack foods division plans to cut as many as 250 jobs as part of a broader cost-cutting restructuring by its parent company that will result in a $65 million to $85 million pre-tax charge against earnings.
Frito-Lay said the staff cuts will be made mostly in its Plano, Texas, headquarters and other offices throughout the United States. The division employs 46,000 people.