Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

http://www.businessweek.com/stories/1991-07-07/frito-layoffs-are-looking-likely

Businessweek Archives

Frito Layoffs Are Looking Likely


Business This Week

FRITO LAYOFFS ARE LOOKING LIKELY

Wall Street has been buzzing with rumors that Frito-Lay may lay off as many as 6,000 employees. And Frito says it has hired consultant McKinsey to help streamline the snack-food giant. But the company says it hasn't set any figures for layoffs.

Tell that to 34 new MBAs who thought they would work for Frito in the fall. On June 24, the company told them their jobs may not exist in October and suggested they accept work elsewhere. "We wanted to be honest with them," says a spokeswoman.EDITED BY HARRIS COLLINGWOOD


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus