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PepsiCo Inc., the world's largest snack maker, said it will cut 3,300 jobs after profit declined more than analysts estimated and the company lowered its forecast for the rest of the year. The shares dropped the most in almost 26 years in New York trading.
Will Coca-cola (or any of its sub-divisions) follow PepsiCo and announce to cut more than a thousand jobs in Oct 2008?
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