Coca-Cola begins corporate restructuring with 75 layoffs
Food Dive••business
Key Points:
- Coca-Cola plans to begin layoffs in 2026 as part of a restructuring effort, starting with 75 employees at its corporate headquarters around February 28, with additional cuts expected in phases.
- The company did not disclose the total number of jobs to be affected but indicated the restructuring aims to drive revenue growth amid shifting consumer preferences away from sugary drinks toward waters and sports drinks.
- Outgoing CEO James Quincey, who will become executive chairman in March, signaled the restructuring plan in late 2023, emphasizing investments in growth areas such as artificial intelligence.
- Despite the upcoming layoffs, Coca-Cola reported a 5% increase in net revenue to $12.5 billion in the third quarter and anticipates similar growth for
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