Flower comments on Nvidia CEO Begs Execs to Stop Telling Workers They're Fired Because of AI

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[–] Flower@sh.itjust.works 74 points 5 months ago (3 children)

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.

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[–] scoutfdt@lemmy.dbzer0.com 43 points 5 months ago (2 children)

What is this magical place where saying you do layoffs lowers the stock price. I'd like to go there.

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[–] Flower@sh.itjust.works 13 points 5 months ago (1 child)

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.

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[–] sundray@lemmus.org 22 points 5 months ago*

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.

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