Pepsi currently offers a pension plan and a scheme where it matches contributions to 401(k) retirement savings accounts, and believes offering both is more generous than its peers, a source told the Post.

Eliminating the 401(k) match would save Pepsi $75 million, according to the newspaper.

The job cuts, amounting to a little more than 1 percent of the company's payroll, will include a modest number of workers at its Purchase, New York headquarters, the Post said.

Pepsi employs about 300,000 workers globally, 2,000 of whom are in Purchase, according to the NY Post.

A Pepsi spokesman declined to comment on the proposed cuts to the New York Post.

The company could not immediately be reached for comment by Reuters.