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.
AI layoffs are looking more and more like corporate fiction that's masking a darker reality, Oxford Economics suggests | Fortune
Submitted 2 days ago by cm0002@suppo.fi to technology@lemmy.zip
The_Che_Banana@beehaw.org 2 days ago
Layoffs are only used to prop up quartly/annual profits for shareholders. Period. once that is acheived, the CEO gets his bonus and doesn’t give a fuck if it happens again because if he gets fired he’ll have a golden parachute as well.