Big Tech cut 80,000 jobs and blamed AI — Experts say a real problem is that companies are 25% to 75% overstaffed
1d 2h ago by lemmy.ml/u/mynameisbob in fuck_ai from finance.yahoo.com
Cross posted from https://lemmy.radio/post/13146463
Original Reddit discussion: https://www.reddit.com/r/technology/comments/1t31dic/big_tech_cut_80000_jobs_and_blamed_ai_experts_say/
Bullshit these companies are overstaffed, they are already desperately understaffed with talent.
AI is a convenient form of denial about the consequences of that.
This is the answer. Reduce positions, assign all work to one guy, pocket the difference and rinse repeat.
It makes them mad that they have to pay engineers an extremely small piece of the pie. They envy competent individuals that they can't fool with their grifting bullshit.
Its pretty wacky they attempt to blame ai considering engineers are the most likely to understand how it truly functions.
I'm so tired of people reacting to what people say instead of what they do.
Easy in, easy out. What are a few hundred thousand lives along the path for more money and power?
They’re over staffed in the C suite
TL;DR - borrowing American dollars got expensive.
Yeah, they hired people so other companies cound hire em. It's like Silicon Valley is a documentary on disguise
I mean as much as I hate that me and my entire team of 120 were laid off from the large bank we were working at, we were absolutely bloated. I think they trimmed way too much fat and we're going to see a huge data breach, but still.
There are a lot of bullshit jobs that only exist to exist, but that can't be changed until we solve our toxic relationship with labor. Ai will do absolutely nothing to fix either of those things.