Pepsi is one of the latest companies to downsize following layoffs at food and beverage peers Beyond Meat, Impossible Foods and rival Coca-Cola.
CNBC's Jim Cramer on Tuesday predicted that more companies will trim their workforces after the holiday season.
"I'm sure there'll be many layoffs after Christmas. I don't want to finger-point at the retailers who're most likely to be thrown into bankruptcy when the holidays are over, but I do want people to realize that, in a way, our current high-inflation economy is a high-quality problem," he said. A growing number of companies across industries have curtailed their head counts this year in an effort to control their expenses in a dipping economy.
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