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This Feb. 7, 2012 photo, shows cans of Diet Pepsi Wild Cherry at a store in Pittsburgh. (AP Photo/Gene J. Puskar) 

Pepsico to cut 8,700 jobs

PepsiCo plans to cut 8,700 jobs, or about 3 percent of its workforce, as it seeks to offset high commodity costs and increases investment in advertising and marketing in North America.

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