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Coca-Cola Expands Cost-Cutting Initiatives, Including Layoffs

Coca-Cola said it will cut 1,200 jobs starting later this year as it deepens its cost-cutting. The pink slips will be issued to corporate staff around the world. The company said the cuts would help it find another $800 million in annualized savings, in addition to the $3 billion the company previously said it is trimming.

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