According to a recent report, PepsiCo is planning to lay off hundreds of employees in the near future. This workforce reduction reflects a larger trend in the US labor market as companies brace for tighter economic conditions. White collar jobs, particularly in the tech industry, and corporate positions have been most heavily affected by recent layoffs. However, it is unclear whether or when a recession may hit the US economy, given that the job market proved resilient in the month of November.
See "PepsiCo expected to layoff hundreds of workers in preparation for tighter economic conditions", Julian Mark and Rachel Lerman , The Washington Post, December 6, 2022