Well while Wall Street is rolling in the money now, things are about to change.
Coca-Cola will eliminate thousands of jobs in the U.S. and abroad, the company said Friday. It's the latest in a series of cuts that have reduced the beverage giant's workforce by roughly 100,000 in the past eight years, bringing its headcount to about 60,000 at the start of 2020.
Coca-Cola said it was offering buyouts to 4,000 of its employees in the U.S. and Canada for the first phase of the job reductions. It said that it would soon extend a “similar” number of buyout offers to workers in its international divisions as well.
The Atlanta-based company, in its announcement, called the buyouts “strategic” and part of a plan to pursue its “Beverage for Life strategy.” The statement included no mention of the coronavirus or the recent economic downturn. The company also avoided using the word “layoffs,” instead calling the job cuts “voluntary and involuntary separations.”
Come on Coke…Say the words to the employees...”You are fired !”
Trump will just switch to diet pepsi. He does not care and his handling of the Virus is killing not only people but the economy.
Republicans KILL economies and jobs…..when will people figure this out…in 60 days I hope.
Several large companies this week have announced mass layoffs as the economic downturn caused by the coronavirus continues to drag on, and as more economists are now predicting a double dip in the current recession.
Jerry Lee Lewis will soon have to renounce his name of “ The Killer”. It belongs to The Donald now.