PepsiCo's (PEP) job cuts are part of a program to save an extra $1.5B over the next three years,...

|About: PepsiCo Inc. (PEP)|By:, SA News Editor

PepsiCo's (PEP) job cuts are part of a program to save an extra $1.5B over the next three years, which will be in addition to $1.5B it already intended to save during that time. However, PepsiCo also plans to increase advertising and marketing spending by $500M-$600M. The 3.1% fall in shares indicates investors aren't convinced.