Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’

Important Takeaways:

• PepsiCo layoffs point to corporate belt-tightening extending beyond big tech
• In a memo obtained by the Wall Street Journal, the company that markets everything from Lay’s potato chips and Quaker Oats to Gatorade energy drinks told staff that cuts would disproportionately hit its beverages business as snacks already undertook a number of redundancies.
• Hundreds of jobs will be eliminated, one of the people told the Journal, with company sites in Purchase, N.Y., Chicago and Plano, Texas, likely to be most affected.
• The layoffs while relatively small are notable in that recent headline-grabbing examples of corporate belt-tightening thus far affected chiefly the tech sector and digital asset firms.

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