While CEOs have spent months framing layoffs as a strategic shift toward AI-driven efficiency, the equity market has perceived recent layoff announcements as a negative signal about company’ prospects. "AI restructuring" is often a convenient cover for desperate cost-cutting necessitated by declining profitability.
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AI models are getting better.
@OP Nobody, I REPEAT - NOBODY has lost their job due to being replaced by AI. AI is dependent on stupid, stateless large language models. Ever try to use AI for anything at all besides auto suggest code completion and recipes? It doesn't work, even for simple customer service chat bots. The stupid google search results AI summaries are consistently wrong and ridiculous. The few companies that have fired people that were supposed to be replaced by AI have had to hire humans back.
This AI gold rush is just large scale fraud that is going to collapse the global economy when the bubble breaks and a shining example of how ignorant all modern day C suites are for falling for it.
The government will do nothing under Trump. His goal is to make his family and rich buddies as rich as possible AI will also offer SNAP benefits.
@OP Maybe cause they finally understand that their tax dollars will be paying for more SNAP benefits as companies layoff more people. No jobs, well than that's going to be gov't problems, and gov't will have to knock on the rich folks door if this AI takes over more and more jobs.
That's right. Layoffs are the oldest trick in the book.
The new trick: silent layoffs, silent firing, return to hub, masked under other names or excuses, slow trickle departures, lead to counseling others to quit or leave, smaller raises and bonuses, giving employees more work, adding part-timers, adding hourly employees, relocating, outsourcing…lots and lots of change…That looks bad for the economy and Amazon hence excuses excuses excuses…