‘Some may ask why we’re reducing roles when the company is performing well,’ an executive admitted, blaming AI for the layoffs.
‘Some may ask why we’re reducing roles when the company is performing well,’ an executive admitted, blaming AI for the layoffs.
I’m still trying to figure out how every CEO wants to replace nearly the entire workforce with AI, but somehow still thinks that anyone in society will be able to buy their products after they do that. Make it make sense.
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.