In a statement, iHeartMedia announced “a new organizational structure for its Markets Group as it modernizes … to take advantage of the significant investments it has made in technology and artificial intelligence (AI) and its unique scale and leadership position in the audio marketplace.”Ī memo sent to staff members and shared by acknowledged “some employee dislocation” as part of the changes. I'm excited to see what the future holds. I'm wondering if this might be the end of the road for radio. "At this point, I've been fired before in the business, for various reasons, including budget cuts," he said. Rutigliano remained optimistic for his future plans. In addition to Z93 in the region, iHeartMedia operates WRWD, Q92, KISS-FM, WKIP, 98.5 The Cat and Oldies 93.5.Ī 43-year-old City of Poughkeepsie resident, Rutigliano is well-known throughout the Hudson Valley, where he has worked often since launching his radio career after high school. It's unclear the extent of the layoffs, though Rutigliano at Z93 was among them. The world’s largest broadcast company with 850 radio stations, iHeartMedia on Tuesday laid off employees across the country, including some in the mid-Hudson Valley. On Tuesday, Micron Technology (MU.O) said it would invest up to $100 billion over the next 20-plus years to build a semiconductor fabrication facility in New York that is expected to create nearly 50,000 jobs, with the first phase investment of $20 billion planned this decade.īiden was joined by IBM Chief Executive Arvind Krishna.After 25 years in radio, many of them at Poughkeepsie-based WPDH, John “Tigman” Rutigliano is plotting his next career move in the wake of layoffs by his most recent employer, iHeartMedia. that we haven’t seen in generations," White House National Economic Director Brian Deese told reporters en route to the IBM site. "The industrial strategy is really helping to drive a renaissance in American manufacturing, and domestic investment. The White House said it was sparked by Biden's economic policies. IBM did not provide a detailed breakdown of its $20 billion investment plans. IBM, which laid off thousands of people in the region in the 1990s when it moved chip and other manufacturing, said it now plans to make the site "a global hub of the company's quantum computing development, just as it is today for mainframes." The Hudson Valley, home of IBM's Poughkeepsie site, was an economic powerhouse during America's Industrial Revolution, but regional jobs dried up during the second half of the last century, as companies fled to lower-cost locations. Last month, he traveled to Ohio to speak at the site of Intel Corp's (INTC.O) planned $20 billion semiconductor manufacturing facility. REUTERS/Evelyn Hocksteinīiden has sought to capitalize on the investment announcements ahead of next month's midterm congressional elections. President Joe Biden tours areas damaged by Hurricane Ian during a visit to Florida, in Fort Myers Beach, Florida, U.S., October 5, 2022. Hefty subsidies for private businesses are necessary because China and the European Union had been awarding billions in incentives to chip companies, the White House says. "America invented these chips," Biden said. IBM's announcement is the latest in a string of investments unveiled since Biden signed the Chips and Science bill in August which funded $52 billion to subsidize semiconductor chips manufacturing and research. His administration and fellow Democrats have directed billions in federal funding to encourage private- sector spending and create jobs. national security by producing critical goods now made abroad, Biden said.
Government funding is essential to boost manufacturing and ensure U.S. The Poughkeepsie Journal is the leading news source for Dutchess County and parts of. "The supply chain is going to start here and end here, in the United States." "Where is it written that we can’t lead manufacturing in the world?” Biden said.
IBM plans to invest $20 billion in New York's Hudson Valley region, once a manufacturing powerhouse, over the next decade to make and develop semiconductors, mainframe technology, artificial intelligence and quantum computing. semiconductor chip manufacturing and boost blue-collar jobs at a visit to an IBM Corp (IBM.N) facility in New York. POUGHKEEPSIE, N.Y., Oct 6 (Reuters) - President Joe Biden on Thursday championed his administration's push to subsidize U.S.
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