PepsiCo is planning to cut around 1,000 jobs in North America in order to turn around its continuously weak sales performance in its home market.

Ram Krishnan, CEO of PepsiCo North America ( Ram Krishnan ), stated in a letter to employees on Monday: "We have a clear goal for PepsiCo North America: to build a stronger business that is better adapted to the future and achieve industry-leading growth. To accomplish this, we need to collaborate faster and more closely, as well as have stronger capabilities, while continuing to invest in growth—focusing on our employees, capabilities, and brand." This letter has been obtained by CNBC.

PepsiCo stated that it will carry out layoffs within the next week with the aim of streamlining operations and bringing the teams in its North American business closer together. According to documents submitted by the company, as of December 27, PepsiCo had approximately 306,000 employees globally, of which about 125,000 were in the United States.

The Wall Street Journal was the first to report on the upcoming layoffs.

In October this year, PepsiCo lowered its annual profit forecast due to pressure in its domestic market. In the third quarter, sales of its North American beverage business declined by 2%, while sales of its North American food business remained flat.

Chief Financial Officer Steve Schmidt ( Steve Schmitt ) stated during the company's financial report conference call that although the company has been boosting sales through price cuts and increased marketing investments, it has taken longer than expected to reverse the business trend.

During afternoon trading, the stock price of PepsiCo rose slightly. Since the beginning of this year, the stock has fallen by nearly 1%, lagging behind the S&P 500 index, which has gained nearly 11% during the same period.