Coca-Cola Announces Plans to Cut at Least 1,600 Corporate Jobs

Hours after McDonald’s announced corporate cuts, Coca-Cola followed suit

Photo Sasabune Omakase Modified: Flickr/erin/CC 4.0

Two iconic American brands are fighting against falling profits. 

Hours after McDonald’s announced that it would terminate dozens of employees at its corporate headquarters, beverage industry giant Coca-Cola followed suit.

According to USA Today, Coca-Cola will lay off between 1,600 and 1,800 of its domestic and international corporate employees.

As with McDonald’s, the cuts reflect efforts to cut costs, with Coca-Cola’s program totaling approximately $3 billion. Previously, cuts had been estimated at roughly $1 billion. For McDonald’s, those job cuts were part of a $100 million program to save money and reorganize the business.

Over the last year, both  of these iconic American brands faced noticeable declines in sales numbers, given that American soda consumption is falling, and McDonald’s is losing its customer base.

"We do not take decisions about job impacts lightly," Coca-Cola spokeswoman Ann Moore,  said in a statement. "We have committed that we will ensure fair, equitable and compassionate treatment of our people throughout the process."

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