Apple plans to add 20,000 jobs, new campus in the US


Apple is determined to show that it's investing in the US economy despite its tax moves and foreign manufacturing. The company has announced a slew of investments it claims will pump a total of $350 billion into the US economy, highlighted by its focus on (what else) jobs. It expects to spend $30 billion in capital expenses that will create more than 20,000 new positions over the next 5 years, both at its existing buildings and a new location (to be unveiled later in 2018) that will initially focus on tech support.

It's also pouring more cash into domestic manufacturing. The company is swelling the size of its Advanced Manufacturing Fund from $1 billion to $5 billion, which should both help existing American suppliers and foreign firms looking to set up shop in the US.

Apple also says it will back the next generation of students. It's expanding its current efforts to support coding and STEAM (Science, Technology, Engineering, Arts and Math) programs and adding new programs to give teachers a helping hand. Accordingly, the tech giant is investing more money into its share of the government's ConnectED program to ensure that students in less fortunate communities have the hardware and other resources to learn tech-related skills.

And Apple is naturally eager to head off tax concerns: it's pointing out that it will pay about $38 billion in repatriations as a result of recent changes to American tax law. The payment should be the "largest ever made," the company said.

It's not surprising that Apple would unveil a large commitment. American companies are under pressure to show that they're contributing to the economy, and Apple's news is coming right as other American brands are slashing jobs. With that in mind, there are lingering questions. Apple didn't elaborate on just how it would contribute $350 billion (though it did say this excludes product sales and tax payments), and it's not clear how many of those 20,000 new jobs will be retail, tech support or other relatively entry-level positions. Even so, it's evident that Apple is willing to splurge on its American businesses for at least the next few years.

Source: Apple

via Engadget RSS Feed "http://ift.tt/2mHosaI"

Comments

Post a Comment

Popular posts from this blog

Evernote cuts staff as user growth stalls

Image
Note-taking app Evernote has fallen on hard times of late, culminating in its latest spate of job cuts impacting 15 percent of its workforce (54 employees). CEO Chris O' Neil -- an ex-Googler who took the reins in 2015 -- announced the firings at an all-hands meeting earlier today, reports TechCrunch . In a message on the Evernote blog , O' Neill admitted he'd set "incredibly aggressive goals" for the company in 2018. He continued: "Going forward, we are streamlining certain functions, like sales, so we can continue to speed up and scale others, like product development and engineering." The layoffs follow an exec exodus just weeks ago and the company's recent brand refresh (complete with a refined logo and wordmark). But critics are more concerned about its product, especially the free tier, which they claim lacks the perks to...
Read more

The best air conditioner

Image
By Liam McCabe This post was done in partnership with Wirecutter . When readers choose to buy Wirecutter's independently chosen editorial picks, it may earn affiliate commissions that support its work. Read the full article here . After six summers of researching, testing, and recommending window air conditioners, we've learned that quiet and affordable ACs make most people the happiest—and we think the LG LW8016ER will fit the bill in most rooms. This 8,000 Btu unit cools as efficiently and effectively as any model with an equal Btu rating, and runs at a lower volume and deeper pitch than others at this price. Little extra features like a fresh-air vent, two-axis fan blades, and a removable drain plug help set it apart, too. The LG LW8016ER is a top choice for an office or den, and some people will find it quiet enough for a bedroom, too. If our main pic...
Read more

We won't see a 'universal' vape oil cartridge anytime soon

Image
Pre-loaded cartridges of cannabis concentrate are currently among the most popular means of consumption, and for good reason. They're discreet to use and easy to handle, a far cry from the dark days of 2016 when we had to dribble hash oil or load wax into narrow-mouthed vape pens by hand. But, frustratingly, an ever increasing number of oil cartridge manufacturers employ one-off design standards so that their products won't work with those of their competitors, thereby locking customers into proprietary ecosystems. We've already seen this with nicotine vaporizers -- which has a seen a massive rise in "pod systems" in the last few years, each outfitted with a unique canister and battery built to be incompatible with those of their competition. Is it too late for the burgeoning cannabis industry to set a universal standard for their product designs? ...
Read more