About 90,000 layoffs over the last 4 years -- both regular and silent irregular layoffs (Focus/PIP, RTT/RTH/RTO, voluntary buyouts, immediate termination w/o cause, etc.). And regretted attrition (around 40,000-50,000).
Is that going to reduce bureaucracy or does it simply increase the chance of outages? Why not just prune "management" layers instead of junior employees?
All the bureaucracy comes from upper management.
AI itself isn't doing the replacing, but workers are being replaced with AI. This is the story they tell and everyone knows it.
Nobody has been laid off, replaced, or not hired due to or by AI. This is the story they tell, but it's a huge lie and everyone knows it.
The board and shareholders don't seem to mind. Their investment relatively stagnant under Jassy. Kind of like a 5-10 year bond give or take 4-7% annual, maybe less. It's not like Sandisk where they 10X over a few months. Good AI bubble!