PepsiCo will lay off about 1,000 employees this week as the beverage behemoth seeks to streamline operations and drive growth, The Wall Street Journal reports, citing a letter to employees. “We will simplify how we operate,” Ram Krishnan, the company’s North America CEO, wrote. Last month, PepsiCo slashed its full-year earnings and profit forecast amid struggles across its North American business. LinkedIn member Nicolas Behbahni worries that “workforce reductions are increasingly becoming a response to business pressure across industries, not just technology.”