In brief

• PepsiCo plans to cut around 1,000 jobs in its North American business

• The layoffs come after the company cut its 2026 earnings growth forecast in October

• PepsiCo shares have risen 12.63% in one month despite a gloomy outlook

Read the original story: PepsiCo stock nears recovery from 2026 losses as it prepares to cut 1,000 employees, by Kamina Bashir at th.beincrypto.com