February 9/Purchase, N.Y./International Business Times -- PepsiCo Inc. plans to cut 8,700 jobs to offset high commodity costs and boost investment in advertising and marketing in North America.
The maker of Pepsi soda, Doritos chips and Tropicana juice said the job cuts represents about 3% of PepsiCo's global workforce. The turnaround plan is expected to save PepsiCo $1.5 billion by 2014.