PepsiCo Announces Job Cuts To 'Simplify Organization'

PepsiCo is planning to cut hundreds of corporate jobs in North America according to the Wall Street Journal.

The company, which includes brands such as Pepsi and Frito-Lay, announced the cuts as a way to "simplify the organization," to help the company operate more efficiently.

Reports said the cuts will mostly affect workers in Illinois, Texas and New York.