agsquirrel97 said:
infinity ag said:
MouthBQ98 said:
The "AI" RIF's are happening. My employer has one in the works. I think they are being done in anticipation of future AI efficiency that has not yet materialized because why not claim the expense savings sooner rather than later and gamble on AI to come through before the reduced workforce gets overwhelmed.
I think also there is competitive action across markets going on to broadcast "AI savings" to potential investors. If you can't show you are able to dump headcount and related expenses then your stock looks less futureproof in the short term. There is literally a competition in the market to signal the most labor reduction potential and therefore the most AI related return potential. It is now a defensive reaction to other businesses doing the same thing.
Yes, they are and you are 100% spot-on.
But they are just an example of poor leadership at the top. I follow this guy on LI, see what he said about Meta (where he worked) and how they fired people before developing a good replacement so they could claim a win for AI.
Hold up,
wait a minute.
You are following a CEO? And you agree with what this Founder/CEO has to say?!?!
Yes, I follow CEOs. Good and bad ones. The good ones to learn from, and the bad ones to laugh at. That way I get both sides of the picture and can make my own decision and develop my own view point. That is why I am immune from the groupthink that is so rampant on this board with the "CEO is God" type of deification.
This guy was most recently an engineering manager at Meta. I think he was CEO of his own company some time ago, not sure. It's not a big deal, I can also form an LLC and call myself CEO.