US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 
Oil Prices Jump After New U.S. Strikes on Iran Raise Supply Concerns 
Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path 
U.S. Launches New Strikes on Iran as Trump Signals Peace Deal Uncertainty 
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns 
New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices 
Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment 
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution 
S&P 500, Nasdaq Hit Record Highs as Iran Ceasefire Talks and AI Rally Boost Markets 
Canada and Germany Advance Major LNG Supply Partnership 
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground 
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge 
European Stocks Rise as AI Optimism Offsets U.S.-Iran Tensions 
ECB’s Philip Lane Warns Middle East Conflict Could Keep Inflation Elevated 
Wall Street Reaches New Record Highs as AI Boom and Iran Ceasefire Hopes Boost Markets 
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge 
Meta Begins Layoffs in WhatsApp, Instagram, and Reality Labs Amid Reorganization
Meta Platforms Inc., the parent company of Facebook, has started laying off employees across key departments, including WhatsApp, Instagram, and Reality Labs. This development was reported by The Verge on Wednesday, citing internal sources and social media posts from affected employees.
Internal Restructuring, Not a Mass Layoff
According to the report, the layoffs are part of an internal team reorganization, rather than a company-wide reduction. Meta has already slashed over 20,000 jobs over the past two years, including significant cuts of 11,000 roles in 2022 and an additional 10,000 in 2023. The ongoing reductions reflect Meta’s efforts to streamline operations and refocus after its post-pandemic growth slowed.
Reality Labs Targeted Again
This isn't the first time Meta's Reality Labs, the division responsible for its virtual and augmented reality efforts, has faced cuts. Earlier this year, the company reduced its headcount in this division, signaling a shift in priorities as it scales down certain operations.
Conclusion
Meta’s ongoing layoffs reflect its broader strategy to optimize its workforce and streamline operations following significant cuts in 2022 and 2023. The company’s internal reorganization efforts may lead to further changes as it continues to adapt to market conditions.
