PepsiCo makes swift move to avoid major boycott from consumers
The food and beverage company has taken action to address a big problem.
PepsiCo (PEP) , which owns popular food and drink brands such as Pepsi, Lay’s, Gatorade, Tostitos, and more, decided earlier this year to scale back its diversity, equity, and inclusion program, as have many large companies nationwide.
In February, PepsiCo sent a memo informing employees that it is ending its DEI workforce representation goals and will transition its chief DEI officer to another role. It also said that it is replacing its five-year DEI strategy with an "Inclusion for Growth" strategy.
