These firms aren’t replacing people with AI, they’re cutting wages to fund building data centers because financing is starting to dry up.
There is going to be a boon in jobs to fix the absolute mess that this is making.
But not for a long time and not before these buffoons and the government have completely destroyed the economy
“Actually Indians”
The hiring practices of these companies show that AI is just a cover to the massive offshoring of labour. We’ve reached east indias company levels of wage theft overseas and domestically, and it will only get worse unless we decouple from the US economy.
“Quarterly earnings are down. How do we make number go up so shareholders don’t riot?”
“Lay off a bunch of people.”
“Well, yeah, but that’ll look bad. We’ll have to spin it somehow.”
“Two words: ‘A’ ‘I’.”
I fucking hate jack welch
Zuckerberg, in contrast to Gale, has said outright that AI is making some hiring unnecessary. “We’re starting to see projects that used to require big teams now be accomplished by a single very talented person,” he said in the January earnings call.
“AI won’t replace us, we’re just going to be working more productively with AI” said the useful software engineer, naively parroting Big Tech’s corporate PR.
Everyone should be reading Marx.
Nadella is mid-transformation into Megamind.
Some men should not be bald. Also, the background looks like it’s from the lawnmower man movie. And also, thanks for hating workers
One very talented person has always done the work of many common drones. Why is this surprising?
What?
Layoffs are never about productivity. If AI was making workers more productive (it is not, in fact) you would simply enjoy the increase output of your existing workforce or maybe even hire more people for even more potential growth.
No no. This is about money. They are laying people off because they are trying to make the balance sheet look better next quarter.
you would simply enjoy the increase output of your existing workforce or maybe even hire more people for even more potential growth.
This assumes there’s the aggregate demand needed to absorb your increased product output. If there are no more sales or higher prices, it means workers would be sitting doing nothing for longer due to the increased productivity. The moment that becomes apparent, the exec layer would cut the workforce so that fewer people produce the needed output for 40+ hours a week.
Its surpriaing to you that a talented person is more productive than a drone, regardless of whether ai is used or not? Which plane of existence do you live on?
I know people who code dedicated CAD systems from scratch without ai, and people who struggle to code password hash verifiers with chatGPT on the desktop. The former did it in a month, while the latter was at it for a week, refusing help the whole time.
