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Quote: We’re going to continue to see layoffs happen as the future of work has changed, as the future of technology has changed and as investors’ appetite fo
by k310 3y ago
Quote:
We’re going to continue to see layoffs happen as the future of work has changed, as the future of technology has changed and as investors’ appetite for risk and growth versus profitability has dramatically changed as well.”
End Quote.
TLDR
So it's basically raising cash to speculate in the AI craze at the expense of jobs, and Wall Street rewarding companies for laying off people, which it often does.
What could possibly go wrong?