Firms are trying to dress up layoffs as a good news story rather than bad news as attributing staff reductions to AI adoption conveys a more positive message to investors.
Firms are trying to dress up layoffs as a good news story rather than bad news as attributing staff reductions to AI adoption conveys a more positive message to investors.
I wish. They are simply doing layoffs because investors ask why they haven’t, yet, since everyone else has done them. Has the CEO not done AI enough? Is he (theoretical possibility: she) behind the times? Shouldn’t all the investment in AI not finally pay off in RIFs?
We need AI NOW! And we need AI layoffs NOW! It’s the season, it’s the fashion.
In the ancient days, they said “You can’t get fired for picking IBM.” Nowadays, a CEO can’t get fired anyway, but there is a huge incentive to pile on another “AI initiative.”