The Small Business Administration said it will cut its workforce by 43%, or about 2,700 jobs, as part of a reorganization.

The SBA was established in 1953 to offer resources to small businesses and helps administer small business and disaster recovery loans. It played a crucial role during the pandemic, helping distribute small business aid. Now the goal is to return to pre-pandemic staffing levels and cut some programs started during the Biden administration, said the new head of the SBA, Kelly Loeffler.

“By eliminating non-mission-critical positions and consolidating functions, we will revert to the staffing levels of the last Trump Administration,” Loeffler said Friday in a statement.

Johnson & Johnson says it will invest more than $55 billion within the United States over the next four years, including four new manufacturing plants.

A number of companies have highlighted investments in the U.S. in recent months, a focus of Trump administration. J&J rival Eli Lilly and Co. announced in late February that it planned to build four new factories in the U.S. Both Lilly and J&J cited tax cut legislation passed in 2017 as factors in their U.S. investments.

Johnson & Johnson said Friday that it is a 25% increase in investment compared with the prior four years and estimates the U.S. economic impact will be more than $100 billion a year.