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The Coca-Cola Co. says it’s laying off 2,200 workers, or 17% of its global workforce, as part of a larger restructuring aimed at paring down its brands.The company said around 1,200 of the layoffs will occur in the U.S., with around 500 of those eliminated in Atlanta, where the company is based.These layoffs come after the beverage company offered buyouts to about 4,000 employees in August. At the time, the company said their operating model had 17 business units, and they would consolidate that to just nine.The voluntary and involuntary separations, and severance packages are expected to cost the company between 0 million to 0 million, according to CNN.Coke employed 86,200 people worldwide at the end of 2019.The coronavirus pandemic has hammered Coke’s business, forcing the company to accelerate a restructuring that was already underway.Coke is reducing its brands by half, to 200, so it can focus on bigger sellers like Minute Maid juices and energy drinks. Earlier this year, they announced ZICO coconut water, Tab, Odwalla juices, and some regional sodas will be discontinued. 1106

The Department of Education said Thursday that it would wipe away student debt for 15,000 borrowers, implementing an Obama-era rule that Secretary Betsy DeVos has fought to block for more than a year.The debt cancellations will total about 0 million.The rule, known as Borrower Defense to Repayment, was designed to help students cheated by for-profit colleges get relief on their education debt.The announcement comes about two months after a federal judge ordered immediate implementation of the rule. The judge had sided with attorneys general from 18 states and the District of Columbia who sued DeVos for delaying the rule while she worked on rewriting it. 677

The federal government has placed thousands of unaccompanied immigrant children in the homes of sponsors, but last year it couldn't account for nearly 1,500 of them.Steven Wagner, a top official with the Department of Health and Human Services, disclosed the number to a Senate subcommittee last month while discussing the state of the Office of Refugee Resettlement (ORR) that oversees the care of unaccompanied immigrant children.Wagner is the acting assistant secretary for the Administration for Children and Families, which is part of the Department of Health and Human Services. ORR is a program of the Administration for Children and Families.CNN reported earlier this month that, in his testimony, Wagner said during the last three months of 2017, the ORR lost track of nearly 1,500 immigrant children it had placed in the homes of sponsors.Wagner's statement has attracted more attention amid reports that immigrant children are being separated from their parents at the US border. 998

The company behind Ben & Jerry’s ice cream, Dove soap and a host of other consumer products says it will stop advertising on Facebook, Twitter and Instagram in the U.S. through at least the end of the year because of the amount of hate speech online. Unilever said that the polarized atmosphere in the United States ahead of November's presidential election placed responsibility on brands to act. The company, which is based in the Netherlands and Britain, joins a raft of other companies halting advertising on online platforms. Facebook in particular has been the target of an escalating movement to siphon away advertising. 639

The end of the Korean War will be announced later this year, following an historic summit between the leaders of the two Koreas.South Korean President Moon Jae-in and his North Korean counterpart, Kim Jong Un, signed the "Panmunjom Declaration for Peace, Prosperity and Unification on the Korean Peninsula," while standing in the demilitarized zone (DMZ) that has divided the two countries for more than six decades.The announcement, made after a full day of meetings and a 30-minute private conversation between the two leaders, could bring an end to one of the world's longest running conflicts. 605