Thursday, May 15, 2025

Coca-Cola to cut 2,200 jobs globally

- Advertisement -

Coca-Cola to cut 2,200 jobs globally

According to ABC News, Coca-Cola is cutting approximately 2,200 jobs globally as part of a company reorganization plan.

Some 1,200 of those job cuts will be in the U.S., and about 500 of them will be in the Atlanta area, where the company is headquartered, according to Scott Leith, the company’s vice president of global external and financial communications.

“The Coca-Cola Company is on a journey to transform how it operates so we can emerge stronger from the pandemic and accelerate our growth,” Leith told.

The job cuts account for a sliver of the company’s global headcount, which was 86,200 at the end of 2019. Its U.S. headcount was 10,400 at the end of 2019.

“The pandemic was not a cause for these changes, but it has been a catalyst for the company to move faster,” Leith added.

The company initially announced plans for a reorganization in August, and Leith said the work “has been ongoing and will continue into 2021.”

Leith said they expect severance programs to result in expenses of $350 million to $550 million.

Coca-Cola separately announced earlier this year that it was cutting a handful of its brands by the end of the year, including Odwalla juices, Zico coconut water and Diet Coke Feisty Cherry.

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Air India revamped its logo & aircraft: Netizens give mixed reviews

TATA-Group-owned Air India on Thursday revamped its logo and the aircraft...

Renault Group appoints Neelam Pillai as Head – HR

A French multinational automobile manufacturer, Renault Group has announced the...

Zepto to Relocate Headquarters from Mumbai to Bengaluru

Quick commerce startup Zepto, known for its rapid growth...

Amdocs to lay off hundreds of employees: Report

Amdocs to lay off hundreds of employees worldwide, including...

Amanda Rajkumar steps down as Adidas’s global HR leader

Amanda Rajkumar , Executive Board member and Labor Director...

Uber announces to sack of employees based on performance

Amid the layoffs wave, American mobility service provider company,...

HCLTech integrates GenAI platform AI Force™ with Google Gemini

HCLTech, a leading global technology company, has announced that HCLTech AI...

L&T Precision Engineering elevates Santosh Rai as Head- HR

Larsen & Toubro Precision Engineering and Systems IC has...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/