there are layoffs every year usually before end of q1 and early q4 before the US holidays. q1 layoffs are always to tighten budgets after year end numbers and jan month end numbers. this year obviously layoffs are much more than just that but expect additional tightening before end of march next year
Bumping this for info from @rp+1kbwqk6k3.
@dr there's no evidence to support your claim. AI is around for the long haul, and the only people they'd take it from in the end is the individual consumer since big business would pay more for it. Thus stabilizing the issues you're claiming. Which is not the case.
@dw But what's so special about wednesday? Nvidia reported a month ago.
@dv fallout from Nvidia’s quarterly earning reports and its subsequent stock falls. AI’s something like 35% of the USA economy right now, that’s completely unsustainable.
@dr what happens next wednesday?
I currently expect a hole in the AI bubble starting next Wednesday. It will be unpleasant to see how badly that impacts us and how many more RIF events happen in response.