Coca-Cola laying off 2,200 workers as it pares brands
By DEE-ANN DURBIN AP Business Writer
The Coca-Cola Co. says it’s laying off 2,200 workers, or 17% of its global workforce, as part of a larger restructuring aimed at paring down its brands. The Atlanta-based company said around half of the layoffs will occur in the U.S. Coke employed 86,200 people worldwide at the end of 2019. The coronavirus pandemic has hammered Coke’s business, forcing the company to accelerate a restructuring that was already underway. Coke is reducing its brands by half, to 200, so it can focus on bigger sellers like Minute Maid juices and energy drinks.