Coca-Cola Co. is cutting 2,200 jobs worldwide, including 1,200 in the US, as the soda maker deepens its restructuring efforts amid ongoing shutdowns of soft-drink friendly venues like movie theaters, bars and stadiums.
The reductions, totaling 2.5% of the company’s total workforce, involve a combination of voluntary buyouts and layoffs, a spokesman said Thursday via email. Coke had about 86,200 employees at the beginning of the year, including 10,400 in the US.
“We are in the process of building an organizational structure that will address” customers’ needs and behaviors, the company said. “The pandemic was not a cause for these changes, but it has been a catalyst for the company to move faster.”