The Wall Street Journal (gated) with the report:
- PepsiCo is laying off workers at the headquarters of its North American snacks and beverages divisions, a signal that corporate belt-tightening is extending beyond tech and media, according to people familiar with the matter and documents reviewed by The Wall Street Journal.
- Hundreds of jobs will be eliminated.
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This follows the upside surprise in the US jobs numbers published last Friday:
- US November non-farm payrolls +263K vs +200K expected
Of course the headline is not all that it seems:
And of course, today we had another sign of strength:
The Pepsi news muddies the waters further.
Anyone who has simple answers on the state of the globe is simply wrong.
