Comment on This CEO laid off nearly 80% of his staff because they refused to adopt AI fast enough. 2 years later, he says he’d do it again

boonhet@sopuli.xyz ⁨11⁩ ⁨hours⁩ ago

• MangoCats@feddit.it ⁨10⁩ ⁨hours⁩ ago

  COVID excuse not required. CEOs overhiring is like birds flying south for the winter, the sun rising in the east, water being wet - it’s just what they do. 80% is a bit extreme, but he had the AI excuse, so…

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  • boonhet@sopuli.xyz ⁨10⁩ ⁨hours⁩ ago

    Eh I’ve only been in the software industry for 6 years and change. The post-covid hiring boom was for me the first time I’d seen it done en masse and then the subsequent layoffs were the first time I’d seen that en masse, but neither affected me personally luckily.

    I have no idea what was going on before that because I had no real reason to care, nobody wanted to hire me anyway before I got my first job in the industry lol

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    • MangoCats@feddit.it ⁨8⁩ ⁨hours⁩ ago

      It’s not just the software industry. Fully 1/2 of CEOs I have worked under get their hands on some money and an idea that they’re going to grow the business - really fast - poised for growth - ready to capitalize on the opportunities when they arise - and 6-18 months later their idea doesn’t pan out and they’ve got all these people who are costing more than the company is bringing in in sales revenue, so…

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