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.
The article mentions it’s possibly due to “over hiring” in the past.
There’s an obsession companies have where they have to try out being leaner than is efficient.
But I have a feeling it’s even worse. Companies are manufacturing a bad job market, so they can under pay employees and treat them worse.
It’s both, but mostly the latter.