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Wall Street Expected to Shed 200k Jobs as AI Erodes Roles
- blackeyeblitzar 2y agoI guess this threat will further RTO mandates because employees will be scared to speak up and be first for the layoffs
- Terr_ 2y agoAlternately, say you'll be using AI to replace lots of jobs in order to drive down employee-compensation and make yourself look good to the board... And then let the eventual fallout be someone else's problem.
- 486sx33 2y agoI wonder how much further stock valuations will be pushed up by excited AI bots - without any ties to company fundamentals :) And I see an opportunity for a private company to “predict” what stocks the AI are going to buy next and provide this information to investors. And then an opportunity to sell data to CEOs to tailor your earnings calls to AI’s ears. … soon after, nothing but robots talking to robots …
- brian-bk 2y agoInvestors love a company spouting AI not because it's actually good at raising efficiency, but because it's a codeword for layoffs.* * there are certain industries that will see incredible efficiency gains from AI, but I think most will not see the efficiency gains that AI companies tout.