Coca-Cola laying off more than 400 employees at three Atlanta locations (Millen: student loans, layoffs)

[LynnHarris1]

"The Coca-Cola Co. (NYSE: KO) is laying off more than 400 employees at three Atlanta locations.

According to the GDEcD list, The Coca-Cola Co. will lay off 334 workers at 1 Coca-Cola Place, Atlanta 30313; 59 workers at 303 Peachtree St. NE in Atlanta 30308; and 28 workers at 384 Northyards Blvd. NW, Atlanta 30313. The total count of affected workers is 421.

All of the layoffs were effective July 15, according to the listing.

On April 25, Coca-Cola said it plans to cut approximately 1,200 jobs "as we put in place the leaner corporate organization."

"While this will clearly be difficult for those impacted, these changes are critical for us to create an environment where we can accelerate growth and become the consumer-centric, total beverage company we need to be in a fast-changing world," then-incoming CEO James Quincey said in a statement... "

Full Story: Coca-Cola laying off more than 400 employees at three Atlanta locations - Atlanta Business Chronicle

[fieldm]

I wonder if the soda/sugar tax across the country is the reason for this

[Hokiehaven]

Originally Posted by fieldm

I wonder if the soda/sugar tax across the country is the reason for this

They're financials have been in decline for a few years, well more than a few, more like since 2011, but the past couple years have been even worse.

[Zanarkand A East]

Coke sucks.

[bu2]

Originally Posted by fieldm

I wonder if the soda/sugar tax across the country is the reason for this

Part of it is simply that they re-packaged and resold the bottlers they bought up a few years back.

[AnsleyPark]

I love Diet Coke!

[unbeliever]

Millenials don't drink coke. They drink designer sodas, flavored water, kombucha, etc. Just a sign of the times.

[AnsleyPark]

Originally Posted by unbeliever

Millenials don't drink coke. They drink designer sodas, flavored water, kombucha, etc. Just a sign of the times.

That's right. All of that very expensive stuff, and wonder why it's difficult to pay off the student loan bills.

[DJDeadParrot]

Originally Posted by AnsleyPark

That's right. All of that very expensive stuff, and wonder why it's difficult to pay off the student loan bills.

You honestly think slightly more expensive flavored water, and other such frivolities, are the things that are making it difficult for millenials to pay back student loans?

[MikeHonchoATL]

Originally Posted by DJDeadParrot

You honestly think slightly more expensive flavored water, and other such frivolities, are the things that are making it difficult for millenials to pay back student loans?

A lack of financial discipline doesn't help, sport.