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.

  • Che Banana@beehaw.orgEnglish
    5·
    7 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.