4 ms·
> Layoffs because of AI make no sense to me. That's because these layoffs aren't about AI. They're about firms that overhired and Wall St is (finally) having a
by mbesto 7mo ago
> Layoffs because of AI make no sense to me.
That's because these layoffs aren't about AI. They're about firms that overhired and Wall St is (finally) having a sobering moment of their (profit) growth potential.
- estimator7292 7mo agoThis line has been repeated ad nauseum for years at this point. How long does a "sobering moment" last? Two years? Five? Ten?
- oblio 7mo agoThe beating will continue until morale improves. On a more serious note, at this rate, probably 10 years. I guess it's similar to drinking. You can get drunk in 10 minutes and be hung over for much longer than that. It turns out that org charts are VERY resistant to letting people go, even when the executives push very hard.
- mbesto 7mo agoA decision to cut 1600 jobs doesn't happen overnight.