Pepsi Generation Now Unemployed Generation

EmploymentCrossing.com

Multinational sugar-water producer PepsiCo is cutting 3,300 jobs, including 120 in Chicago where its Gatorade, Tropicana and Quaker Oats business units are headquartered.

Together, those businesses employ 2,400 in Chicago, meaning Pepsi is cutting its area workforce by 5 percent. The 3,300 jobs PepsiCo is eliminating represent 1.8 percent of Pepsi's global workforce.

Of the jobs shed in Chicago, 100 are at the West Loop offices of Gatorade, Tropicana and Quaker Oats, where the bulk of the company's Chicago workforce is located. Another 20 jobs will be cut at research and development facility in Barrington.

PepsiCo, which makes sodas, energy drinks, juice and chips and other snacks, announced its plans for an overall restructuring during a conference call on its third quarter results.