Intel shares fall 20% on plans to cut 15,000 jobs

Intel on Thursday revealed drastic plans to slash its employee headcount and capital spending in an attempt to put its business back on a stable financial footing, as it suffered the latest setback in its slow-moving turnaround plans.

Intel shares fall 20% on plans to cut 15,000 jobs

Related:

US CHIPS Act Funding for Intel

On March 20, 2024, the U.S. Department of Commerce and Intel Corporation announced a preliminary memorandum of terms under which Intel will receive approximately $8.5 billion in direct funding under the CHIPS and Science Act. Funding will help advance Intel’s critical semiconductor manufacturing and research and development projects at sites in Arizona, New Mexico, Ohio and Oregon – U.S. locations where the company produces some of the world’s most advanced chips and semiconductor packaging technologies.

Meanwhile, in China:

China’s ‘basic self-sufficiency’ in chip-making tools could come this summer, veteran says

Armenia is pivoting to the West + More

Twitter/X

Link

This claim that Azerbaijan is establishing itself under the autocractic influence of Russia explains most of the perception managing narrative presented via the media lately.

Armenia is pivoting to the West, it’s time for Europe to step up

Related:

‘Armenia is pivoting to the West. It’s time for Europe to step up’

For the past year, I have been working with and advising the Armenian government on their efforts to strengthen their democracy and promote peace in the South Caucasus. This is something I believe deeply in. That is why I launched the independent Friends of Armenia Network – a high-level group that includes former prime ministers, European commissioners, ministers, and sitting parliamentarians. In a report published on March 27, we proposed a detailed approach that the European Union should take to help make Armenia’s Western, democratic trajectory irreversible.

– Anders Fogh Rasmussen

Rasmussen Global: Anders Fogh Rasmussen launches high-level group to support democratic Armenia

Rasmussen’s Report: Deepening EU-Armenia relations: More Europe in Armenia

“Friends of Armenia” turned out to be crooks, schemers and chumps

Russia MFA: Friends of Armenia Network report objective is to tear Armenia from Russia, EAEU

USAID: U.S. Enhances Support For Armenia At The U.S.-EU High-Level Meeting

2002: Divided They Conquer: Armenian Ethnic Lobbies in the United States (Most are still active) – H/T: Penny2

Guayana Esequiba: Geo-economics of an Occupation

An air of bonanza has raised the projections of the Exxon Mobil corporation, which accumulated around 414 billion dollars in 2022, an unprecedented income in its history, which represents 44.8% more than the previous year. It is a gigantic increase if compared to its crisis in 2020, when its losses put its place in the stock market in jeopardy. Also from the research of that American corporation, it is said that Guyana could become “the country that produces the most barrels of oil per inhabitant in the world, surpassing Kuwait, in that case, when measuring the wealth per capita of its 800 thousand inhabitants, it would become a rich country, since in 2021 its GDP increased by 57.8% and in 2022 by 37.2%”.

Guayana Esequiba: Geo-economics of an Occupation

Investigation shows rail giant donated to Ohio governor a month before toxic crash

An investigation published Monday revealed that just weeks before a Norfolk Southern-owned train overloaded with hazardous materials derailed and caused a toxic chemical fire in East Palestine, Ohio, the rail giant donated $10,000—the maximum amount allowed—to help fund the inauguration of the state’s Republican Gov. Mike DeWine.

Investigation shows rail giant donated to Ohio governor a month before toxic crash

[2014] If Apple Were A Worker Cooperative, Each Employee Would Earn At Least $403K

Apple has 98,000 employees and earned $39.5 billion after tax over the past year. If Apple was a worker cooperative, then each employee would’ve received a $403,000 dividend on top of their salaries. Even the lowest paid worker would’ve earned at least $403,000 in Apple as worker cooperative.

If Apple Were A Worker Cooperative, Each Employee Would Earn At Least $403K