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Employers who laid off workers citing AI are already starting to regret it (www.cnbc.com)
submitted 4 months ago by to c/technology@lemmy.world
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[–] 7 points 4 months ago (1 child)

I get it, and that's why they would just hire the next guy on the street who would gladly take the money for the same job because they have been mostly unemployed for XX months/years.

Hundreds of thousands of layoffs and more and more declining QOL, benefits and pay. Just how it is today unless you are in one of the trending AI jobs - which will dry up and pay a fraction of what they used to before too long.

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  • [–] 8 points 4 months ago

    A while back I worked for a company that liked to pull the "lets lay people off right before earnings reports to make the stockholders happy" and then call them back after the shareholders meetings..

    They found, after a few cycles of this, that when they did that, the top 30% of employees laid off would have already found other jobs by the time they were recalled.. They also found that a few cycles of culling the top 30% means after a while your entire workforce is largely worthless, add to the fact that now you have to hire new people and train them...it ended up costing more money than it made them... (but they didn't care, because the share value boost was all they wanted, so they could personally sell high after the bump and enrich themselves..

    I work for a company now that values and celebrates employees with long tenures.. They see it as a sign of health in the company (which it is) and celebrate the number of 10+ year veterans employed by them..

    I got lucky finding this place. :)

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