AI overtook market and economic conditions as the leading reason companies cited for cutting jobs in May, according to the most recent report from Challenger, Gray and Christmas.
Its becoming a cycle. Exec gets hype minded and tells their employees to fuck off. Gets big payout, and stock go up. Takes about a year for shit to really fall apart, with the realization that maybe AI can’t do everything. Sheepishly they start hiring again, but that knowledge is lost. Real recovery will be years.
Its becoming a cycle. Exec gets hype minded and tells their employees to fuck off. Gets big payout, and stock go up. Takes about a year for shit to really fall apart, with the realization that maybe AI can’t do everything. Sheepishly they start hiring again, but that knowledge is lost. Real recovery will be years.