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I've said this before, but the only thing that will convince me that these companies are actually laying people off due to AI will be when they start replacing
by andyfilms1 1y ago
I've said this before, but the only thing that will convince me that these companies are actually laying people off due to AI will be when they start replacing their leadership staff with it.
Until that happens--IMO it's just an excuse to reduce the overhired workforce without tanking their stock.
- aaomidi 1y agoWhy would leadership replace themselves?
- ncr100 1y agoWould they replace themselves in countries (e.g. Germany, France) where they have more of a civil responsibility, beyond countries like USA where they have a stock-holder responsibility? - corporate social responsibility (CSR) Does this mandate self-termination when financially reasonable?
- preommr 1y agoThey are firing leadership. There's a ton of middle managers and high-ranking roles whose jobs are to basically supervise other people. If the people go, they do too.
- icedchai 1y agoMany companies I’m familiar with were overstaffed with middle managers. Managers with 3 reports. I even know of one with a single report.
- FredPret 1y agoLayoffs are generally good for stock prices, at least in the very short term