3 ms·
I Worked for Block. Its A.I. Job Cuts Aren't What They Seem
- begemotz 8mo ago>It makes sense for companies to show Wall Street that they understand the assignment: adapt or die. It matters less whether a company knows how to deploy A.I. and more whether investors believe it is on track to do so. In that respect, it doesn’t matter whether a company’s stated rationale is sincere or not. Once it announces it is cutting jobs for A.I., the remaining workers have no choice but to buy into that vision. this is how it works sadly. Short term optics for mid-term pain (most likely)
- ChrisArchitect 8mo agohttps://archive.ph/cI8mz https://archive.ph/cI8mz
- apparent 8mo ago> Wall Street rewarded Block handsomely, sending the company’s stock up 24 percent after the announcement. Whoa, did not realize this.
- flashbaby 8mo ago[flagged]