Thread regarding Wells Fargo & Co. layoffs

@OP stop drinking the kool aid. They are gaslighting u. They have replaced with h1b, h4, j1, opt, PERM VISAS. this is happening from gap to the insurance to the bi banks, local banks. Start researching and the call your local politicians

@c5 Have you used a proper coding agent yet? Claude Code, Gemini CLI or maybe Codex? I haven't used Github Copilot in over a year, but this isn't some autocomplete or chatbot coding stuff. With proper context management, agents, tool set up, etc., it can basically write entire features.

No, it won't just recreate twitter with one small prompt, but twitter could probably be written mostly by a coding agent with some steering.

You won't use these tools within WF, but you should probably check them out in your spare time, because the potential is there. It's only a matter of time.

As far as Amazon goes, I think the cuts are less about AI replacing people and more about shifting capital to fund more compute buildout. I DO think a lot of c-suite believes that AI replacing jobs entirely is not that far off though. Whether that turns out to be right or not is anyones guess.

@bk Yo do realize the AI trend started with Democrats.. right? And AI has nothing to do with politics …

I'm glad we paid our house off early, super low living expenses so we could get by driving Uber if we had to. I guess even that will be automated in a few years.

@a1 - A lot of time can be spent in the work van...

The following can add up to a few hours, but still making damn good money

Shop to your Home
Your Home to Parts Store
Plumbing Parts Store back to your Home

@bj Pretty much. I've used the LLMs for tech problems. It's good for either learning something you're a complete neophyte at, or coding up the tedious bits.

But if you think you're going to prompt it with "give a program that replaced Twitter written in the most appropriate language", it ain't gonna work. Or if you ask it figure out what's wrong with your code given an generic error, it's going to give you some generic answers. It doesn't replace people, it increases some productivity, but what tool doesn't do that?

The WSJ has long parroted these sorts of stories with no fact checking. Then the managerial class "reads it in the WSJ", and does the same thing.

If you ask me, they're the ones most prone to automation, as all they do is copy/paste and pattern match.

Journalists lap this stuff up because the LLMs are exceedingly good at taking in complex information and summarizing it in bite sized pieces. What do journalists do? Take in information, and summarize it in bite size pieces.

I wonder what scam the magats will be herded into after this one pops

I use America's supposedly best model, chatGPT, to help with physics homework (ironically, so that I can get a degree in AI) and the fact it makes mistakes in differential calculus (the easier branch), can think gravity pushes upwards, and often fails to correct itself when told it's wrong, is telling of how ready this model is to replace workers.

If you want a prime example of how AI can be abused, ask Grok who Elon Musk is. The scripted response is hilariously bad.

The one troll who is trying to wish this awful garbage into getting rid of his own job might be the most toxic nutjob on a forum full of toxic nutjobs.

Thank goodness for unbiased sources like "AI Magazine" 😂

Amazon gutting themselves because the money being dumped into the ponzi scheme isn't paying off is not a sign the ponzi scheme is stable lol

@bd+1k8wf1evj Did you not understand it? They're cutting jobs to invest more in the "selling shovels during the gold rush" because thats what investors demand, meanwhile they're admitting they're not even replacing jobs with AI within.

That's the irony: it's a scam and they know it. I know that for some reason you get your rocks off by looking forward to a future where everyone is laid off by chatbots and spreading that misery here, but it's just not the case.

@bc+1k8wf1evj

Meh... read even your own post, after the bolded line.

https://aimagazine.com/news/inside-amazons-job-cuts-a-strategy-powering-an-ai-future

Nope. That's not even the case straight from the horse's mouth. As always with AI smoke and mirrors, it's robbing Peter to pay Paul to keep the bubble going with a technology that isn't turning a profit:

Amazon’s latest layoffs are not about AI replacing jobs

On October 28, 2025, Amazon announced it would lay off around 14,000 of its corporate workforce, potentially increasing to 10% of the total global corporate workforce or more than 30,000 employees in 2026.

In the announcement, senior vice president of the company’s HR team, Beth Galetti, emphasised the role of AI in changing company operations, stating, “This generation of AI is the most transformative technology we’ve seen since the internet, and it's enabling companies to innovate much faster than ever before.” Some have taken this to mean that Amazon is replacing corporate workers with AI tools.

However, the truth is not so straightforward. AI cannot directly replace Amazon’s corporate employees because it is not advanced enough yet to replace entire job roles. However, skyrocketing demand for AI solutions, combined with other factors like the tech hiring spree during the Covid-19 pandemic, contributed to Amazon’s decision to focus on maintaining financial health while increasing its AI spending.

Amazon overhiring during Covid
Accelerated demand for digital solutions, ecommerce, video streaming, and other online services during the Covid-19 pandemic sparked a hiring spree across the tech industry. At the time, Big Tech saw the increased use of digital services by businesses and consumers as the new normal. This led Amazon to invest heavily in its technology business, including Amazon Web Services (AWS), and grow its workforce significantly. In 2021, Amazon added more than 300,000 full- and part-time workers, taking its total headcount to 1.6 million people.

Based on the October 28 announcement, it is estimated that around 80% of the roles cut are in Amazon’s entertainment arm and in operations (HR, recruitment, advertising, marketing, and ecommerce functions) across other Amazon businesses. While these roles are heavily at risk of being automated by AI agents, there is no clear evidence that Amazon is replacing these roles with AI. In reality, Amazon is doubling down on its AI investments as a key corporate priority and needs to cut costs to maintain profitability. Beth Galetti’s statement highlighted the company’s desire to be “organised more leanly.”

The need for more GPUs
It should come as no surprise that Amazon is betting heavily on AI. According to Goldman Sachs, AI will drive a 165% increase in data center power demand by 2030. As the world’s largest public cloud provider, AWS is well-positioned to benefit from the growing demand for data center usage.

AWS is Amazon’s most profitable business unit, making up 58% or around $40bn of Amazon’s total operating income in 2024 despite contributing just 17% of net sales. Despite this, its profit does not cover anywhere near the amount of investment Amazon requires to fulfill AI data center demand. The company intends to spend as much as $118bn in capital expenditure in 2025 alone.

To keep up in the race for AI dominance, Amazon needs to increase investments in building data centers, develop graphics processing units (GPUs) with improved computing power, and buy GPUs when it cannot manufacture them fast enough. To do this, the company must keep borrowing capital, which requires strong financial health and a substantial cash flow.

Amazon’s executives and investors see corporate restructuring and the resulting layoffs as necessary to keep the company’s financial health in check. So, is AI the reason for Amazon’s latest layoffs? The answer is yes, but not in the way many have assumed.

It’s true that, in June 2025, Amazon CEO Andrew Jassy told employees that increased use of generative and agentic AI would lead to job cuts. “As we roll out more generative AI and agents, it should change the way our work is done,” Jassy said in a memo to staff. “We will need fewer people doing some of the jobs that are being done today”.

While AI can already automate some corporate tasks, it is not yet replacing human staff. However, the demand for AI solutions and cloud services to support AI development is directly responsible for the latest round of layoffs.

source:

https://finance.yahoo.com/news/amazon-latest-layoffs-not-ai-123654337.html

Just had a guy fix some plumbing in my house, took him 3 hours. $750... He needs two months of jobs like this and he's hit an avergage salary...