Coca-Cola to cut 1.2K corporate jobs

|About: The Coca-Cola Company (KO)|By:, SA News Editor

Coca-Cola (KO -0.2%) plans to eliminate 1.2K corporate jobs as part of its broad $800M cost-cutting initiative.

A "significant" number of the job cuts are expected to be made at Coca-Cola's HQ in Atlanta.

"We expect to see changes throughout our corporate organization, including Atlanta and elsewhere, as we fundamentally change the way we work to be faster, more agile and more efficient," a Coca-Cola spokesperson tells The Atlanta Journal-Constitution.