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Business•JUL 8, 2024

Major U.S. Companies Announce Layoffs Amid Economic Pressures

Several major U.S. companies, including Meta, ExxonMobil, and Boeing, have announced significant layoffs as they navigate shifting market conditions. The layoffs, affecting thousands of workers across multiple industries, reflect ongoing cost-cutting measures in response to economic uncertainty, technological advancements, and evolving consumer demand.

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Tech•JUL 7, 2024

CHIPS Act Spurs Major Semiconductor Investments in California

The CHIPS and Science Act has led to significant semiconductor investments in California, with major tech firms expanding their operations in the state. Applied Materials has announced a $4 billion R&D center in Sunnyvale, signaling renewed efforts to revitalize domestic chip manufacturing.

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