Intel Announces Dismal Financial Results, Will Lay Off 15,000 Workers
Intel, the world’s largest chipmaker, has announced a massive $10 billion cost-cutting plan that includes cutting more than 15,000 jobs, or about 15% of its global workforce, while the administration plans to spend $8.5 billion as part of the CHIPS Act, which aims to create high-tech jobs. The Verge Reports Intel CEO Pat Gelsinger announced […]
Giuliani’s bankruptcy formally dismissed, freeing Georgia election workers to seek $148M
A judge formally closed Rudolph Giuliani’s bankruptcy proceedings on Friday after he and his creditors resolved a dispute over how to pay his administrative fees. The formal order lifts bankruptcy protection that has allowed the administration of assets for months and resumes an attempt by two Georgia election officials to recover $148 million in defamation […]
July jobs report breakdown: Which industries hired the most workers?
Olu Omodunbi, chief economist at Huntington Private Bank, said on “The Craman Countdown” that the jobs report points to a slowdown in the labor market. Job growth slowed in July as many industries, including manufacturing, retail and trade, cut jobs. Employer Added 114,000 jobs added in JulyThe Labor Department said in its monthly payroll report […]
California fast food workers demand another minimum wage increase — four months after $4 raise
Wage war! Fast food workers in California are calling for another minimum wage increase, just months after the state raised its minimum wage from $16 to $20 an hour. of California Fast Food Workers Union The union, an affiliate of the State Service Employees International Union (SEIU), announced the new list of demands at the […]
Workers Revolt At Obama Staffers’ Liberal Media Company Over Founders’ Plutocratic Shift And Israel Coverage
According to a Bloomberg report, one-third of the employees at Crooked Media, a liberal media outlet founded by White House staffers under former President Barack Obama, are leaving the company after 2023 amid internal strife. The company was founded in 2017 by former Obama administration staffers Tommy Vietor, Jon Lovett and Jon Favreau, but has […]
CDC targets bird flu among farm workers
Courtesy of PhRMA — The CDC has confirmed 13 cases of avian flu in the United States since March. Nine of the cases have been found in Colorado, with the most recent three confirmed last week. Officials say symptoms are mild, with conjunctivitis being the main symptom. {beacon} health care health care Full text […]
Kamala Harris Secures United Auto Workers’ Endorsement Before Michigan Rally
Vice President Kamala Harris has won the endorsement of the United Auto Workers (UAW), the union announced on Wednesday. The UAW has formally endorsed Harris for the 2024 presidential election, the union announced at a press conference. releaseHarris is scheduled to visit Detroit on August 7 to interact with union members and rally support. according […]
UAW endorses Harris, citing 'track record' with workers
The United Auto Workers (UAW) union endorsed Vice President Harris in the next presidential election on Wednesday. Sean Fain, president of the United American Laborers (UAW), praised Harris ahead of her planned rally with union members on August 7 and criticized former Republican presidential nominee Donald Trump. “Our job in this election is to defeat […]
John Deere under fire for laying off hundreds of American workers
Tractor giant John Deere faced backlash after announcing it would lay off hundreds of workers across the Midwest while continuing to operate manufacturing facilities in Mexico. The Illinois-based company, the world’s largest distributor of large tractors and other farm equipment, notified hundreds of Iowa employees last week that they would lose their jobs. About 100 […]
Key workers quit jobs to avoid cash penalties for breaching carer’s allowance | Society
Teachers, NHS staff and other key workers juggling part-time work with caring for loved ones are quitting their jobs to avoid huge fines for breaching carer’s allowance rules, a survey has found. An investigation into the human impact of penalties has found that sanctions running up to thousands of pounds, caused by opaque rules and […]