The beer giant said it would redirect funds to vaccine outreach.
The company has been "trimming expenses and products amid the closures of restaurants, bars, movie theaters and sports stadiums that sell its drinks."
The company will offer voluntary layoff packages to about 4,000 workers in the U.S. and Canada.
The loss of the juice and smoothie brand will entail 300 job cuts.
The soda giant has already seen "significant changes in consumer purchase patterns, notably substantial declines in away-from-home channels."
Coca-Cola Zero Sugar, sparkling soft drinks, and water led in sales growth.
CBS, Hamilton Beach Brands, BorgWarner, Doctor on Demand, Loot Crate, Jele-Wen, ServiceSource, Orion Group, WageWorks, Coca-Cola
After three decades at the company, Kathy Waller will retire in March and be replaced by Asia Pacific Group chief John Murphy.
Keurig Dr Pepper said it expects the transaction to be neutral to the company's adjusted diluted earnings per share in 2019 and accretive thereafter.
Some consumer goods companies are increasing prices, but there are signs of renewed price sensitivity among buyers, says Korn Ferry's Craig Rowley.
Companies that haven't made extensive disclosures about their climate risk profile should be prepared for a raft of questions from shareholders.
The new venture aims to combat forced labor by using blockchain to create a secure registry for workers.
