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this post was submitted on 27 May 2026
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Nvidia CEO Begs Execs to Stop Telling Workers They're Fired Because of AI, it's hurting Nvidia's stock price.
Yep. Remember when he said nobody should learn how to code anymore with a shit eating grin on his face because it was good for Nvidia's stock price at the time?
It's also a lie. LLMs can't replace a single worker, and most CEOs know that, they are using it as an excuse to cover up the consequences of mismanagement and/or increase short term profits at the expense of future growth.
I don't think that's true, it's just not how the execs are seeing it.
If you have 100 staff using AI within the means of what it can actually do, you might not need the whole 100 staff. Maybe you only need 98 now to get the same outcome, or whatever it is.
What it can't do is replace a whole job category. You can't replace all your customer service with it, or all your developers or all your marketing team. You still need those people, but if you employ enough people in a category, eventually it could reduce how many you need, which is essentially replacing them.
Saying you're doing layoffs lowers stock price. Saying you're replacing workers and stocks might even go up. It's a pretty big incentive if your pay package depends on the stock price.
What is this magical place where saying you do layoffs lowers the stock price. I'd like to go there.
The real world apparently. But if your company is far enough in la-la land and the disconnect between profit and reality is big enough, weird things happen.
If a big part of the market is floating in la-la land then that's a good impression of Wile E. Coyote before he looks down.
It's actually a mixed bag. It's complicated, but part of what influences investors to either punish or reward public companies for mass layoffs is whether other companies in their sector are also doing mass layoffs. Outliers are punished. Trend-followers are rewarded. That's part of what makes layoffs contagious.
ha, even if it was true - which isn't - that would never hurt the stock, the stock market is soulless