‘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.
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.