Coca-Cola to Lay Off 750 Workers (KO)

Coca-Cola to Lay Off 750 Workers (KO)


In an effort to streamline its business, the world’s largest beverage maker The Coca-Cola Company (KO) will lay off 750 workers.

The job cuts will be indiscriminate and across the board. About one-fourth of the lay offs will be in Atlanta, the company’s home city. The cuts represent 1% of the company’s total workforce of 75,000.

Since Coca-Cola’s integration of its North American bottling system in 2010, it has identified areas of the business that need improvement. The layoffs, according to a memo sent by Coke to its employees, will be one step in streamlining the business.

“We must become a more aligned and unified North American group,” the memo said. “That means improving our structures, processes and systems.”

Coca-Cola shares were up 31 cents, or +0.77%, during Thursday morning trading.

The Bottom Line
Shares of Coca-Cola Company (KO) have a dividend yield of 2.79% based on Thursday’s intraday trading price of $40.18 and the company’s annualized dividend payout of $1.12 per share.

The Coca-Cola Company (KO) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today