Lots more news articles and post views generated about this RIF than the total AI tour. Great marketeering.
Add 10k more evangelists to promote the company at their new employers and it’s a total success.
When do companies fail? Too much debt? Negative cash flow? Or when the customers don’t believe they will be here next year?
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The suprising piece about this: Most are not saying something about "ai replaced workers". It's more about the over investment causing an instable crash.
It's a shame that journalists aren't putting the two together to say hey they made a risky bet, it didn't turn out well for them and instead of taking the ego hit.. they just threw away the employees for profit. People in AI divisions were let go as well.