➀ Meta's AR and VR division has been losing money; ➁ The company is looking to cut costs and improve efficiency; ➂ Over 100 employees are expected to be affected by the job cuts.
Recent #job cuts news in the semiconductor industry
➀ Statista estimates that 16,000 U.S. federal employees have been laid off under presidential executive orders, in addition to 75,000 who accepted buyouts.
➁ The cuts are less than 4% of the 2.4 million non-military and non-postal federal workforce.
➂ Specific departments affected include the IRS, Health and Human Services, Centers for Disease Control and Prevention, National Institutes of Health, Food and Drug Administration, and Medicare.