GLOBAL MARKETS


Live World Indices are powered by Investing.com

Friday, 22 April 2016

Silicon Valley Faces Massive Layoff Carnage



The meltdown of Silicon Valley tech jobs accelerated Tuesday, as Intel announced 12,000 job cuts worldwide and a plan to dump product lines, despite reporting higher profits.


Silicon Valley in Meltdown as


 Intel Slashes 12,000 Jobs




Intel Corporation (INTC: NASDAQ) reported that first quarter net income rose 2.7 percent to $2.05 billion, and sales climbed 7.2 percent to $13.7 billion. The earnings were 14 percent higher than expected, and the sales were in line with expectations.
But during what was anticipated to be an upbeat earnings call, new President Murthy Renduchintala, brought in from Qualcomm in late November, announced he was presenting a plan to CEO Brian Krzanich to slash employment by 11 percent and give CFO Stacy Smith direct control of manufacturing, sales, and operations.
Krzanich immediately followed up with an email to employees stating, “These are not changes I take lightly. We are saying goodbye to colleagues who have played an important role in Intel’s success.”
Although Intel expects to take about a $1.2 billion restructuring write-off for the layoffs this quarter, the move will save $750 million in expenses this year and generate estimated annual savings of $1.4 billion by the middle of 2017, according to SiliconValley.com.


Said Intel CEO Brian Krzanich in an email today to employees, “These are not changes I take lightly. We are saying goodbye to colleagues who have played an important role in Intel’s success. We are deeply committed to helping our employees through this transition and will do so with the utmost dignity and respect,” and promised more details soon.


Here we are six weeks later. IBM has said little more about the layoffs publicly, yet they don’t appear to be over. The March round appears to have been the beginning, not the end. A Facebook group, Watching IBM, is gathering reports from around the world. These dispatches are by no means comprehensive, but are at least painting a rough picture of what is going on.


The compact is a historic, and rare, regulatory framework. Unlike the divisive water-sharing laws for the Colorado River and others in the West, the Great Lakes compact includes language that emphasizes sustainability, transparency, conservation and efficiency.
"The compact is more about governing the resource collectively as a common pool for the public domain," said Jenny Kehl, a professor at the University of Wisconsin, Milwaukee, who studies water resource issues





Why Organized Religion Fears Educated Women


Educating women improves the welfare of families as they become empowered to contribute to the financial success of their household—which in turn creates more opportunities and resources available for their children.




For thousands of years women have been defined only in correlation to their relationship to men. They have been kept hidden, prohibited from speaking, forced into submission and treated as the “unclean” gender whose existence is that of mental and physical servitude to her human counterpart. Why has so much emphasis been placed upon the mind and actions of women? What does organized religion fear about the mind of an educated and logically-thinking woman?
Here are 5 reasons why organized religion fears educated women:

The loss of patriarchal control

Image result for big brotherIt is a widely-known fact that the more educated and financially stable a woman becomes, the more likely she is to practice family-planning and have her children at a later age. Educated women are also more likely to have fewer children than their uneducated and impoverished female counterparts.
Furthermore, educated women are more likely to cultivate their own worldview, rather than simply following their traditional familiar teachings; and may contribute no followers to a religion when they do finally decide to start a family.
This is a problem for religion because women who choose the timing and size of their household don’t typically contribute the same amount of future-followers to a religion as those women who are restricted from pursuing an education and career. If a woman leaves the religion altogether as a direct result of becoming well-informed and financially stable and no longer needs the “comforts” that her religion once provided, she has not only removed herself from the ranks, but her children as well. For religion to perpetuate itself, it must have followers, or it ceases to exist.

Search This Blog

Blog Archive

Best Sellers