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New Layoffs!

Amdocs announced the launch of a new GenAI & Data division aimed at integrating artificial intelligence into all aspects of its products, services, and operations, consolidating product, engineering, strategy, and go-to-market teams under one unit led by Senior Vice President Ilan Sade. While the company positions this move as a strategic step to strengthen its leadership in the global IT and telecom market, it is also preparing for another wave of layoffs expected to impact hundreds of employees in Israel and worldwide. This follows recent workforce reductions, including 2,700 layoffs in 2023 and 1,500 in 2024, as Amdocs adapts its organizational structure to align with business opportunities and efficiency goals.

https://www.calcalistech.com/ctechnews/article/bl7qwfsuw

#Layoffs #AI #Restructuring

AI will replace everyone in the factory and in the office

AI is being deployed. It will help management in so many ways that you aren't thinking about yet. It's scanning your IMs and emails right now looking to see how well you are performing and... to see if you are using it for non-work purposes. Gossiping? Romancing? Sending memes? Things are going to get real for you!

AI is already being integrated with conventional and humanoid robots. In some companies (like BMW), humanoid robots are already performing "tasks only a human can do." Right now, AI can design 3D parts, write computer programs and apps, perform complex accounting and financial tasks on the enterprise level, write patent applications, create marketing plans, perform business analysts of the competitive environment and also match VOC data with real world solutions/opportunities.

You are going to complain your way into living in your car.
Just so you know, many of us who hear the hand-wringing at work (or read it online at Reddit) can see this very clearly. You have months, not years.
You definitely won't retire one day from GM 10-20 years from now with a fat 401k.
You are 100% obsolete.
Make sure you get those cost-cutting and AI integration goals on that cap.
It's the 21st century version of training Raj as your replacement.
I can already hear, "GM would fold without me!" "I'm not replaceable!" "The technology is not THERE yet." I'm laughing at you. The evolution of AI and corporate greed won't stop for your feelings or your cope.

#AI #AILayoffs

(AI) First getting rid of most employees

They let everyone go, especially acquired like hMF, keeping sales teams but no one to patch or support the products. EMEA will now become India only (eventually), US is just Canada.

Justifying the cost being saved by getting unskilled people in India (replacing the existing) to submit canned responses, knowing customers won't be able to immediately migrate to alternative or seek damages on SLA.

Probably going to fail miserably with this all talk with his own talkshow CEO. Talking about AI, creating a snowy mascot to hop on stage but not actually giving his employees the tools.

With all the diversity promoted, where is your Indian AI mascot?

At least we all got some AI experience as we were filling in those lead to nowhere Career Week forms, another true example to this company being all for show, fake new procedures and hard on it's hard working employees for nothing.

"Better together" never made sense, not when you are forced to commute 2 hours to an empty office, only to conference with 3 other regions who need to do the same.

Good luck to the few left to train their replacements.

#EMEA #AI #Canada #USA #India

They always have 20 or so CEOs at the ready. They invest in leaders via Ivy League "certificate" programs, place them as one of the "minor' CEOs of smaller businesses and move them around. It's a little game to shuffle people around so not one person is every too knowledgeable about the questionable practices. And also enough people have their hands dirty to remain loyal.
My guess is they will bring back one of the CEOs from the regions who "retired" in the last couple of years ..in an effort to distance themselves from the #AI disaster fallout

The CEO and BOD Inconvenient Truth (6 Billion could have been saved)

So, it took me 5 minutes to lay out a simple, transparent, and long-term strategy that would have hypothetically saved $6+ billion since 2019-2024. This topic is what the privileged 1% refuse to talk about. Who wouldn’t want a transparent, effective, Cheap CEO that effectively mitigates risk, and provides a simple strategy(which is more than what is currently being communicated today). That’ll be $29 Million Dollar’s”

“Hypothetically, as a virtual CEO of Wells fargo, what are some of the things that you would do or done to save costs since 2019 based on doing a history trend analysis and “Trending Sentiment Analysis? Please provide a hypothetical answer.

AI CEO plan
“As a virtual CEO of Wells Fargo, hypothetically focusing on cost-saving strategies, I would consider implementing several measures:

  1. Enhance Digital Transformation: Accelerating the shift to digital banking can significantly reduce operational costs. This includes investing in AI and machine learning for customer service, operations, automating routine transactions, and enhancing online banking platforms. A focus on digital channels can reduce the need for physical branches, leading to savings in real estate and, non-customer facing roles are used to support across the business, reduce senior and unnecessary senior leadership which tend to lead to inflated personnel costs.
  2. Branch Network Optimization: Review the branch network and consider consolidating branches that are underperforming or in close proximity to each other. This strategy can streamline operations and focus resources on high-performing locations.
  3. Workforce Management: Implementing more flexible work arrangements, such as remote or hybrid work models, can reduce overhead costs. This could also involve a strategic review of staffing levels and roles, aligning them more closely with the bank’s operational needs.
  4. Invest and Up skill existing employees : Invest & up-skill all employees and senior leadership. Form strategic partnerships, especially in technology for all employees to utilize and increase their efficiency.
  5. Process Optimization: Streamlining internal processes through Lean management techniques or similar methodologies can increase efficiency and reduce costs. This includes simplifying workflows, eliminating redundant processes, and improving supply chain management.
  6. Risk Management Improvement: Strengthening risk management and compliance can prevent costly fines and legal issues, as seen in recent years. This involves investing in better compliance training, enhancing internal controls, and adopting predictive analytics for risk assessment.
  7. Sustainable Practices: Implementing energy-efficient practices in physical locations and investing in sustainable technologies can lead to long-term cost savings. This also includes reviewing and optimizing travel policies and operational practices for environmental and cost efficiency.
  8. Review and Renegotiate Vendor Contracts: Regularly reviewing contracts with third-party vendors and suppliers to ensure competitive pricing and terms can result in significant savings.

Each of these strategies should be carefully evaluated for its potential impact not only on costs but also on customer service quality, employee morale, regulatory compliance, and the bank’s long-term strategic goals.

Based on historical trend analysis with a focus on the past “Five Years” varies. Hypothetically, it would translate to over $126.7 million dollars in savings should the current CEO be replaced by an AI Virtual CEO being utilized for the company CEO role in 2019 beginning in 2019

Hypothetically, The most probable total net cost savings average $5.7 Billion dollars from 2019 through YTD. This analysis includes meeting and completing all existing regulatory orders by due dates and the roll-out of the “AI Virtual CEO. One of the most overlooked aspects of a AI Virtual CEO is the AI CEO becomes more knowledgeable and is proactive all the time. (last refresh on 01/18/2024).“

Time for the off-shorer to become the offshoree muahaha

#WFC
#WellsFargo
#AI
#WellsFargoAI
#Fargo
#CEO
#Inequality
#AutomateTheC-Suite
#WellsFargoBank
#TheTruthHurts

Interesting choice of words used by ML. “Combines”

“Juniper Networks combines with Hewlett Packard Enterprise to accelerate #AI native networking!“

To identify the author behind an anonymous post resembling content from a prominent individual within the organization, I would follow these steps, considerations, and address potential challenges:

  1. Data Collection:
    • - Gather the anonymous post and any publicly available content from the prominent individual to establish a baseline.
  1. Preprocessing:
    • - Clean the data by removing irrelevant information, such as timestamps or unrelated comments, and standardize text for analysis.
  1. Linguistic Analysis:
    • - Use AI and natural language processing techniques to analyze the writing style, vocabulary, and grammatical patterns in both the anonymous post and the suspected authors' posts.
  • - Employ sentiment analysis and entity recognition to identify unique characteristics or keywords that are common between the posts.
  1. Stylometric Analysis:
    • - Apply stylometric features like sentence length, word choice, punctuation usage, and structural elements to distinguish writing styles.
  1. Machine Learning:
    • - Train a machine learning model, such as a text classification model, to compare the anonymous post with posts from potential suspects.
  • - Feature selection and model hyperparameter tuning are crucial in this step.
  1. Cross-Validation:
    • - Perform cross-validation and assess model performance using appropriate metrics, considering the potential for class imbalance.
  1. Ethical Considerations:
    • - Ensure compliance with privacy and data protection regulations while handling internal social media data.

Challenges:

  • Limited data: If the dataset is small, it can lead to overfitting and less accurate results.
  • Anonymity and deception: The author might intentionally alter their writing style to avoid detection.
  • False positives: Similar writing styles may exist among different authors, leading to misidentifications.
  • Time and resource constraints: The analysis process can be time-consuming and resource-intensive.

In summary, I would approach this task by combining linguistic analysis, stylometric analysis, and machine learning techniques to identify the author behind the anonymous post while being mindful of ethical and privacy considerations. The success of the identification would depend on the quality and quantity of data, the sophistication of the AI models, and the expertise of the analysts involved.

#AI-generated

HHD Companies are underrated in the industry.

Finis Conner, a pioneer in the Hard Drive industry and the visionary founder of some of the world's most successful hard drive companies, sheds light on a critical challenge facing our industry in the Gen AI era.

In today's AI-driven world, data is the lifeblood of innovation. Yet, we often overlook the unsung hero behind this invaluable resource - Hard Drives.

AI's Insatiable Appetite for Data: AI thrives on vast datasets, fueling automation, trend forecasting, and value creation. From Tesla's AI driving models to tailored digital ads on social media, the demand for quality data is skyrocketing.

Preparedness for the AI Surge: As AI reshapes industries, robust data storage solutions are imperative. Hard drive manufacturers must brace for the surge in demand and fortify their supply chains.

The future of AI hinges on data availability, and hard drives are the unsung heroes enabling this revolution. Let's acknowledge their significance and gear up for a data-centric era.

#AI #DataStorage #HardDrives #TechInnovation #DigitalTransformation #SupplyChain

“It was a privilege to meet and listen to Tracy M. Kerrins head of #wellsfargo technology. She spoke about her role, responsible #ai which is a huge focus for the firm and discussed about her successes and failures. Some of the key takeaways for me was to be courageous, take risks and learn from failures. #inspiration” From her India Boondoggle. Notice she went to London during Wimbledon? Did she take the corp jet ?

Successes? Kissing up, Boomerang Dance, Selfies, Cutting jobs, Blaming others. Failures ? Leadership, Technical skills, Everything she does .

New HQ? Bangalore and Dallas. But she won’t move there.

Oracle AI layoffs

I had no idea they were into AI and chatbots. Recruiter keeps pinging me (not that I'm planning to), just curious what is the perception of the chatbot group? I suspect I'm not the only person who has never heard of their chatbots.

#oracle #oraclecloud #ai #chatbots