Coca-Cola Cuts Thousands of Jobs as Coronavirus Hits Sales

Coca-Cola Co. joined a long list of big U.U. companies in laying off thousands of workers due to the coronavirus crisis. The company is offering voluntary deals across its businesses and promising to halve its number of operating units. They offered redundancy to 4,000 workers across the U.S. and Canada and will offer similar deals in their other markets. They also signaled that more layoffs were likely to come. Coca-Cola has been battling a hit in sales due to the closure of bars, restaurants, and cinemas where its sales are normally the heaviest. Just last month Coca-Cola reported a 28 percent slump in their sales in the most challenging quarter of the year due to the coronavirus.

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