Coca-Cola Is Reportedly Cutting Jobs, Canceling Parties, And Telling Executives To Stop Taking Limos

Coca-Cola is cutting up to 2,000 jobs in the coming weeks as part of a plan to shave $3 billion from its annual budget, the Wall Street Journal reports.

The impact of the cuts is expected to be most significant at Coke’s Atlanta headquarters and global regional offices, “where more than 10% of corporate staff could lose their jobs,” according to the report.

Employees will receive notice of the cuts by Jan. 15.

Coca-Cola laid out a plan in October to find $3 billion in annual budget savings by 2019. The plan was announced after the company posted a 14% decline in third-quarter proft .... http://investmentwatchblog.com