119
The job losses are real — but the AI excuse is fake (pivot-to-ai.com)
submitted 3 weeks ago by dgerard@awful.systems to c/techtakes@awful.systems
4 comments fedilink hide all child comments

Great Depression 2.0 gets under way

https://www.youtube.com/watch?v=YjHeTXoORzE&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260129-the-job-cuts-are-real-but-the-ai-excuse-is-fake - podcast

time: 9 min 32 sec

top 4 comments
sorted by: hot top controversial new old
[-] MNByChoice@midwest.social 24 points 3 weeks ago

In the USA, a lot of media is currently comparing the "AI Bubble" to the 2000's "Internet Bubble". It has been pointed out that no part of the current bubble is functioning like a bubble. People are not being hired, wages are not going up. Neighborhoods are not filled with suddenly wealthy people. A lot of the current build out will be useless in 5 years.

[-] bluGill@fedia.io 2 points 3 weeks ago

Just another recession. Don't invoke depression - things are not nearly that bad.

[-] CinnasVerses@awful.systems 16 points 3 weeks ago* (last edited 3 weeks ago)

Also likely to be concentrated in the USA, whose government is helpfully screaming at the rest of the world "disconnect your economies and your IT systems from ust!" Most of us are busy doing that as fast as possible although it takes a while to get everyone on board.

its a very useful skill when reading the internet to learn to see when "in the US and UK" or "in SoCal and London" should be appended to a sentence. Once you see it you can't unsee it.

[-] misk@piefed.social 7 points 3 weeks ago

They weren’t that bad just before 1929 either.

this post was submitted on 29 Jan 2026
119 points (100.0% liked)

TechTakes

2448 readers
219 users here now

Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

This is not debate club. Unless it’s amusing debate.

For actually-good tech, you want our NotAwfulTech community

founded 2 years ago
MODERATORS
dgerard@awful.systems