Coca-Cola to Cut Around 2,200 Jobs

Coca-Cola (NYSE: KO) is about to hand out a big set of pink slips. As reported by various media outlets like The Wall Street Journal, the beverage giant said it will eliminate 2,200 jobs throughout the world, as part of a broader initiative aimed at consolidating its operations and cutting costs. All told, the company employed around 86,000 people at the start of 2020.

Of the number being trimmed, roughly 1,200 jobs are in the company's U.S. operations. This is approximately 12% of Coke's workforce in this country.

The company said the job cuts would take the form of both buyouts and layoffs. It has not yet provided further details.

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Source Fool.com