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> All the major tech companies are laying off due to their ambitions/utilizations of AI. Citation needed. Tech companies are having layoffs because they spent
by paxys 3y ago
> All the major tech companies are laying off due to their ambitions/utilizations of AI.
Citation needed.
Tech companies are having layoffs because they spent the last decade under the assumption that money was free and profits were optional. Now they are hitting reality and investors/shareholders are demanding returns. AI has nothing to do with it. Heck the wave of layoffs started well before ChatGPT even launched. If anything AI is actually fueling another bubble and extending the charade. Look at the tens, maybe hundreds of thousands of people that suddenly work "in AI" now.
- John23832 3y agoCitation Given: Googles layoffs in ad sales are attributed to their leaning into AI ads https://www.theinformation.com/articles/google-plans-ad-sales-restructuring-as-automation-booms https://www.theinformation.com/articles/google-plans-ad-sale...