Seems like the only way companies can turn “AI” profitable is to do massive lay-offs to cut costs. Not because AI can actually take on those jobs that were cut, but because it’s a “good” excuse.
Awesome.
We like in the dumbest cyberpunk version of the future. Predatory capitalism but all the tech is vaporwave and it’s all just dumb dumb finance bros running the show.
Jhex@lemmy.world 2 days ago
This screams of, we need to cut heads so we can pretend to be innovating with AI somehow
Most likely, they are just hiding all the sunken AI investment that has returned nothing in terms of revenue
scrubbles@poptalk.scrubbles.tech 2 days ago
I legit laughed out loud at that. That is hilarious. Of course it’ll bite them in the ass, but in the short term it’s literally more important that AI look like it’s cutting job than actually cutting jobs
yermaw@sh.itjust.works 1 day ago
“Perceived opportunity presented”
Shareholders keep saying AI at me, so now I gotta do something. Sorry guys.
criss_cross@lemmy.world 1 day ago
That’s almost as bad as Doug Herrington, head of Retail, saying they needed to fire people to keep costs low for customers.