55
Tech companies are slashing thousands of jobs as they pivot toward AI
(www.cbsnews.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 27 Jan 2024
55 points (100.0% liked)
Technology
59017 readers
2543 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
This isn't a good article and makes bad connections.
The idea is that they are slashing jobs because ai will do everything, and that doesn't hold water. To start with, ai is a burgeoning technology without a solid foundation right now. These people are not being replaced at all, and to take advantage of ai, you need more teams to make more things to find the ai product that actually sticks.
The current layoffs are nothing to do with ai and everything to do with shareholders. High interest rates coupled with the post pandemic growth falloffs mean that shareholders aren't seeing value in tech shares like they used to. So, the executive teams are laying off workers to raise shares.
Yes and it’s exactly the sort of thing that has happened before and will happen again. In fact it is so likely that you could probably create an CEO AI that starts firing or hiring depending on market conditions and give the bonuses to the workers instead.