Fran McGorry

Soda companies have been violently shaken by recently put into effect sugar taxes, and the mounting pressure is priming an industry-wide explosion. At the beginning of March, PepsiCo, Inc. (NYSE: PEP) announced the dismissal of at least 80 employees from its Philadelphia sites, where the city...

PepsiCo, Inc. (NYSE: PEP) announced Wednesday between 80 and 100 layoffs at its Philadelphia sites over the next few months — and management blames the city’s newly implemented soda tax. The tax raised consumer prices 1.5 cents per ounce, and PepsiCo spokesperson Dave DeCecco told...