Here’s the current tech market we all work in, and a warning below:
“There are many different ways to lose your job. On Thursday, two tech giants decided to take different paths in dispatching thousands of their employees.
First there was Microsoft, which is said to be offering voluntary retirement to thousands of its workers. About 7% of of its US employees will be eligible for the buyouts, something the legacy giant has never previously done at this scale.
Then there’s Mark Zuckerberg’s Meta. The company shot out a memo on Thursday saying it planned to terminate 10% of workers, or roughly 8,000 employees, starting May 20. Meta employees have spent much of the year fretting about job cuts, which already hit the Reality Labs division and other teams. Now many more are coming.
So what’s driving the continuing, arguably accelerating series of mass terminations across tech companies? AI.”
WARNING
FIS are pushing AI usage really hard.
They will tell you it’s an amazing new tool that will revolutionise what you do.
Maybe.
But ultimately it is a tool that must pay for itself just like any other. And more than that - it’s providing corporations with an easy way to reduce resource costs.
The next time you load copilot at FIS and automate something or speed up tasks - what you are actually doing is helping FIS to eventually reduce headcount.
Everyone su-king up to AI right now needs to wake up and think about this. You are not an AI champion, you are an AI as-----n.
If you lose a trusted colleague or one day you yourself get that tap on the shoulder - you only have yourself to blame…