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Chipmaker Intel says it is cutting 15% of its huge workforce 鈥?about 15,000 jobs 鈥?as it tries to turn its business around to compete with more successful ri stanley cup vals like Nvidia and AMD.In a memo to staff, Intel Corp. CEO Pat Gelsinger said Thursday the company plans to save $10 billion in 2025. Simply put, we must align our cost structure with our new operating model and fundamentally change the way we operate,  he wrote in the memo published on Intels website.  Our revenues have not grown as expected 鈥?and weve yet to fully benefit from powerful trends, like AI. Our costs are too high, our margins are too low. The job cuts come on the heels of a disappointing quarter and forecast for the iconic chip maker founded in 1968 at the start of the PC revolution.Next week, Gelsinger wrot stanley mugs e, Intel will announce an  enhanced retirement offering  for eligible employees and offer an application program for voluntary departures. These decisions have challenged me to my core, and this is the hardest thing Ive done in my career,  he said. The bulk of the layoffs are expected to be completed this year.The Santa Clara, California-based company is also suspending its stock dividend as part of a broader plan to cut costs.Int stanley cup el reported a loss for its second quarter along with a small revenue decline, and it forecast third-quarter revenues below Wall Street s expectations.RELATED STORY | AI and cutting-edge computing the focus at SIGGRAPH conferenceIts stock plunged 19% in after-hours trading, indi Hloj Where do the 15,000 tons of leaves in Milwaukee go after they fall
MILWAUKEE 鈥?Since the pandemic began Wisconsin schools have tackled hard choices on how to move forward.Now, they will be getting guidance from the White House as President-Elect Joe Biden announced his team s goals to reopen schools.Part of what s called the  American Rescue Plan  calls on Congress to provide $170 billion to reopen K-12 scho vaso stanley ols, colleges, and universities. It also includes a push to specifically reopen a majority of K-8 schools after his administration s first 100 days. We can do this if we give school districts, the schools themselves the clear guidance they need, as well as, the resources,  President-Elect Biden said during a speech on Thursday.Most of that money could be used for several things including modifying spaces f stanley cups or social distancing, improving ventilation, personal protective equipment, hiring counselors, and addressing digital challenges. Certainly there is an urgency to return on-site, but that can only be done when it s safe, not from an arbitrary number of 100 days,  said Amy Mizialko, President of the Milwaukee Teachers  Education Association.Mizialko thinks the plan is a start after the last several months, but adds while community spread has yet to be contained there is a monumental amount  stanley cups uk of work left at the national, state, and local levels. We have to work backward from what measures and gating criteria would ensure that our students and public education staff are safe,  said Mizialko.While Bidens plan may sound aggressive, Republicans