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ALL companies are going to say layoffs are due to AI (if it's remotely possible to do so). Investors think senior leadership is smart and boosts the stock price
by taylodl 1y ago
ALL companies are going to say layoffs are due to AI (if it's remotely possible to do so). Investors think senior leadership is smart and boosts the stock price, and competitors waste their time researching what they're missing out on. It's just more hot air inflating the AI bubble. Thing is, there may be a kernel truth in the statement: maybe a few dozen employees were let go as a result of AI.
- toomuchtodo 1y agoWell, the cool part is, with enough evidence this turns into securities fraud eventually.
- GOD_Over_Djinn 1y agoThe sitting president of the United States is taking bribes in exchanges for presidential pardons, committing securities fraud himself, etc. As long as you buy enough of trumps “stablecoin” to earn his favor, the SEC isn’t gonna touch you.
- toomuchtodo 1y agoStatute of limitations for federal securities fraud is generally five years from the date of the alleged fraud under 29 USC § 2462, and these suits are adjudicated under the judicial branch. Regime change will come eventually.
- johnnyanmac 1y agoEventually. We also had 4-5 years to prosecute one person who insighted an insurrection and we couldn't do that. They will definitely try to stall any consequenes out.