Global 500
Coca-ColaRANK370
The pandemic battered Coca-Cola’s business, with revenue falling 11.4% to $33 billion in 2020. Consumer cravings for soft drinks and snacks at home failed to match the corresponding cratering of demand for Coke products in restaurants, movie theaters, and other public destinations, where the company traditionally makes about half its sales. Amid these societal changes, the Atlanta-based beverage company made some changes of its own; Coca-Cola in August 2020 announced plans to restructure its workforce to focus on its fastest-growing products (Tab and Odwalla drinks got the ax). That plan meant cutting more than 2,000 jobs through layoffs and buyouts out of an employee base of just over 80,000.
Lists ranking Coca-Cola
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World’s Most Admired Companies - 2022Just as it dominates our economy, Big Tech now dom...view in list
Latest news for Coca-Cola
- FinanceAriZona iced tea becomes an inflation folk hero by keeping its prices steadyApril 15, 2022 5:22 PM UTC
- InternationalCoke, McDonalds and Starbucks suspend business in Russia, as only a few holdouts remainMarch 8, 2022 9:10 PM UTC