Intel, facing ongoing cost challenges, has decided to reinstate its free coffee and tea program for employees, aiming to improve morale. This comes amidst a series of cost-cutting measures, including job cuts and the suspension of its air shuttle service. While this small gesture may seem insignificant, it reflects the company’s efforts to maintain a positive work environment during challenging times.
Albemarle, the world’s leading lithium producer, reported a net loss of $1.1 billion in the third quarter due to a slump in lithium prices. Despite a 16% increase in lithium sales volume, the company announced cost-cutting measures, including workforce reductions, to adapt to the market downturn. While facing challenges, Albemarle remains optimistic about the long-term prospects of lithium demand, driven by the growing EV market and potential support from the new US administration.
