‘Some may ask why we’re reducing roles when the company is performing well,’ an executive admitted, blaming AI for the layoffs.

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[–] 4 points 1 year ago

It's a tragedy of the commons. Each CEO on his own doesn't make much of a difference in the overall economy. His choices are: layoffs and get a bonus, or no layoffs and no bonus. But he doesn't influence any other CEO's choice. They're all monopolies now so they don't have to worry about losing sales from poor quality.

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