The Wall Street Journal reported that hundreds of corporate jobs are being eliminated.
The layoffs will affect employees in Chicago, Plano, Texas and Purchase, New York, the Journal reported, citing people familiar with the matter and a company memo. The portfolio includes Frito-Lay snacks.
According to the Journal, the company's beverage unit is expected to be hit harder by the cuts because the snacks unit already shrank its workforce.
CNBC requested a response from the company.
According to a company regulatory filing, more than 40% of the company's jobs are located in the United States.
In October, the company raised its full-year revenue forecast. Frito-Lay North America reported a decline in volume, a sign that consumers were cutting back on snacking to save money.
In recent months, companies in the tech and media sectors have laid off workers to cut costs. Beyond Meat, Impossible Foods, and Coca-Cola are some of the companies that have cut jobs. Coke said in November that it would restructure its business through a voluntary separation program.
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