Or perhaps in some cases, neither, and they're just developing a narrative that the markets reward.

My company is laying people off. But also replacing them not with AI, but with contractors. And now, some new designation of "per project contracts" or something.

Anyhow, net effect? Less work useful work getting done, new cost of AI tools, AI tools not generating any value, and if you count total humans in the mix, it's at least as many as before.

Moving our product has never been more expensive and we've never done it this poorly before. But the market just sees "layoffs due to AI" and think it's because we (and others) have cracked the code of how to substitute humans with AI to save labour costs. We haven't. Not even CLOSE.

Thank you. It can’t be both the reason for job cuts yet not show massive productivity gains. The reason is corporate greed in a squeezed economy.

Definitely excuse. So many of these companies dramatically over hired during COVID, then after COVID saw a normalization of profits, and a loss because they over hired.

Take block for an example, double or tripled their employees since COVID, but around 2022-2023 their profits fell off hard - they said "AI" is why they're doing cuts. No, they're doing cuts because they're going under

It's also the reason in the way that companies want to invest more money on AI and are cutting wherever possible.

Companies hate their workers and being dependent on them. They will burn all their money just for the promise of getting rid of workers.

It's Fox Business. The literal mouth piece of the elite and billionaire/Epstein class.

If there's anything wrong with the economy it's because of Democrats, Progressives, Socialists, Immigrants, Avocado Toast. In that order.

It seems the Epstein Class knows the game is up and is grasping for every single dollar before the house of cards collapses, and if all they have to do is just reach out and take the salaries of 150,000 people that they don't even consider people, it's an easy decision.

You forgot Jensen Huang.

They'll try