PepsiCo to cut costs, lower prices

(CNN)– PepsiCo is making changes.

The company says it’s focused on cutting costs and lowering prices for the consumer.

PepsiCo also says it will reduce the amount of its individual products by 20%.

This comes shortly after the food and drink giant made a deal with Elliott Investment Management.

Elliott, an activist firm became one of PepsiCo’s larger investors in September when it unveiled its $4 billion stake in the business.

With this partnership Pepsico is forecasting its full-year organic revenue growth could rise up to 4% next year.