PepsiCo is closing 4 bottling plants and cutting nearly 400 jobs as it streamlines operations

PepsiCo said Wednesday it plans to close four U.S. bottling plants and lay off nearly 400 workers as part of its efforts to streamline its operations. PepsiCo confirmed that closure earlier this week. Earlier this month, PepsiCo lowered its sales forecast for the year as consumers in the U.S., China and elsewhere pulled back on buying its drinks and snacks after years of price hikes.