Business

Maine lobster industry hit by harsh winter, falling catch and rising costs

PORTLAND, Maine – Maine’s lobster industry is facing mounting pressure after a harsh winter reduced fishing activity, slowed catches and added to rising costs across the sector. The state, the largest lobster producer in the U.S., recorded its fourth consecutive annual decline in total catch, according to the Maine Department…

Meta slashes roughly 700 jobs; layoffs hit multiple teams across the company

Meta is cutting roughly 700 jobs on Wednesday, a source familiar with the matter confirmed to FOX Business. The layoffs are expected to affect several key areas, including Reality Labs, Facebook, recruiting operations and sales, the source said.A spokesperson for the company said the layoffs are part of ongoing restructuring…