Because it makes stock go up due AI frenzy with shareholders, the other option is to admit current business and economic climate is really bad.
Guess what they will choose.
da_chicken on
Because it lets them shove tens of millions of dollars into their own pockets.
gloomndoom on
> Out are buzzwords like efficiency, over-hiring, and too many management layers.
Yep. It’s the current convenient scape goat. Wall Street loves layoffs and love AI so this is a win-win.
grtgbln on
Because otherwise they’d have to admit they were wrong, and they can’t ever be wrong.
argama87 on
Easy excuse.
thenewguyonreddit on
Well if they admit that they had poor internal hiring controls and costs were rising faster than expected, they’d look like jackasses.
iamnotpigeon on
AI can generate fake videos and fire employees at the same time.
How convenient.
rgvtim on
Let me guess, it turns a red flag into something positive for wall street minimizing the impact tot he stock price.
Dreamtrain on
I miss when they used to fear ruining peoples lives, fear it would drive down the stock, since naturally any ethical or empathic ramifications are non existent for them, it’s a language they don’t understand, shareholder value is the only language they speak
Berkyjay on
Suddenly?
rmz-01 on
„AI Budget“ is a very real thing companies are making room for. How fast it takes to bite them in the ass remains to be seen, but the money is definitely repurposed towards AI tools and tokens
Prof_Linux on
Because AI dose not need a paycheck, healthcare, 401K, and all the other things that „harm the share holders“ while raking in profit from selling a product or service (slop either way).
Simple as.
Edit for quotation marks.
pivor on
Cause it sounds modern and progressive, companies bidding who will layoff more people to look advanced
Practical_Insect on
Because it deflects from the fact that a human (CEO) gave that job to an AI.
Much like the immigrant, AI has never stolen a job, it was given away by those in charge..
Zardotab on
This practice has the nickname „**AI washing**“, as in, „I suspect they are AI-washing their sales slump“.
Investors may be able to sue them for lying in order to prop up stock price.
merRedditor on
It can be blamed on a million different things, but at the end of the day, if you look just beneath the surface, the motivation is always greed driving unsustainable short-term business decisions.
We’re living in the rubble of a world destroyed to maximize shareholder value continuously, no matter what, quarter after quarter.
GlassMostlyRelevant on
Because they dont want to admit they over hired
DeLoresDelorean on
Covering their ass. It’s best lying about being edgy and trendy than admitting their numbers suck and have to lay off people to maintain profits.
kummer5peck on
It distances them from their own accountability for their own mismanagement.
kummer5peck on
Let AI replace these incompetent “leaders” instead of the hard workers who actually keep their companies going.
Apprehensive_Sea9524 on
Well AI could replace CEOs too, since they are really not that good in what they do.
Spunge14 on
Stocks always go up when companies fire people. Doesn’t take a genius to realize „we fired people *and* can have the job they used to do automated at multiples of efficiency“ is going to make them go up more.
absentmindedjwc on
Because people are idiots and believe them? My company has been „replacing employees with AI“ for the last couple years, for instance.. but we’ve suspiciously also been hiring like crazy in India, Brazil, and other low CoL areas.
Oh.. and we only *just* got access to even halfway decent AI.. with fairly limited credit/token usage.
tl;dr: its all bullshit for investors – they’re actually just offshoring jobs.
Odd_Photograph_7591 on
I don’t think they understand it,
much less love it, but its a way to cut people, look good next quarter, blame AI and at the same time, look cutting edge for investors and the board
Knees0ck on
Wait till they start blaming war crimes on AI in the Nuremberg 2 rials
jetstream100 on
Or maybe the reasoning of layoffs due to AI is a facade they’re hiding behind.
thisismycoolname1 on
Yeah it turns a perceived weakness/negative into a positive
Ok_Bake_8256 on
Ah, the classic „AI did it“ excuse. It’s the corporate version of „the dog ate my homework,“ but for firing thousands of people.
Shikadi297 on
Lol Amazon stock is below 200 again
SuspiciousStable9649 on
Socialize the blame and privatize the credit.
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
30 Kommentare
Because it makes stock go up due AI frenzy with shareholders, the other option is to admit current business and economic climate is really bad.
Guess what they will choose.
Because it lets them shove tens of millions of dollars into their own pockets.
> Out are buzzwords like efficiency, over-hiring, and too many management layers.
Yep. It’s the current convenient scape goat. Wall Street loves layoffs and love AI so this is a win-win.
Because otherwise they’d have to admit they were wrong, and they can’t ever be wrong.
Easy excuse.
Well if they admit that they had poor internal hiring controls and costs were rising faster than expected, they’d look like jackasses.
AI can generate fake videos and fire employees at the same time.
How convenient.
Let me guess, it turns a red flag into something positive for wall street minimizing the impact tot he stock price.
I miss when they used to fear ruining peoples lives, fear it would drive down the stock, since naturally any ethical or empathic ramifications are non existent for them, it’s a language they don’t understand, shareholder value is the only language they speak
Suddenly?
„AI Budget“ is a very real thing companies are making room for. How fast it takes to bite them in the ass remains to be seen, but the money is definitely repurposed towards AI tools and tokens
Because AI dose not need a paycheck, healthcare, 401K, and all the other things that „harm the share holders“ while raking in profit from selling a product or service (slop either way).
Simple as.
Edit for quotation marks.
Cause it sounds modern and progressive, companies bidding who will layoff more people to look advanced
Because it deflects from the fact that a human (CEO) gave that job to an AI.
Much like the immigrant, AI has never stolen a job, it was given away by those in charge..
This practice has the nickname „**AI washing**“, as in, „I suspect they are AI-washing their sales slump“.
Investors may be able to sue them for lying in order to prop up stock price.
It can be blamed on a million different things, but at the end of the day, if you look just beneath the surface, the motivation is always greed driving unsustainable short-term business decisions.
We’re living in the rubble of a world destroyed to maximize shareholder value continuously, no matter what, quarter after quarter.
Because they dont want to admit they over hired
Covering their ass. It’s best lying about being edgy and trendy than admitting their numbers suck and have to lay off people to maintain profits.
It distances them from their own accountability for their own mismanagement.
Let AI replace these incompetent “leaders” instead of the hard workers who actually keep their companies going.
Well AI could replace CEOs too, since they are really not that good in what they do.
Stocks always go up when companies fire people. Doesn’t take a genius to realize „we fired people *and* can have the job they used to do automated at multiples of efficiency“ is going to make them go up more.
Because people are idiots and believe them? My company has been „replacing employees with AI“ for the last couple years, for instance.. but we’ve suspiciously also been hiring like crazy in India, Brazil, and other low CoL areas.
Oh.. and we only *just* got access to even halfway decent AI.. with fairly limited credit/token usage.
tl;dr: its all bullshit for investors – they’re actually just offshoring jobs.
I don’t think they understand it,
much less love it, but its a way to cut people, look good next quarter, blame AI and at the same time, look cutting edge for investors and the board
Wait till they start blaming war crimes on AI in the Nuremberg 2 rials
Or maybe the reasoning of layoffs due to AI is a facade they’re hiding behind.
Yeah it turns a perceived weakness/negative into a positive
Ah, the classic „AI did it“ excuse. It’s the corporate version of „the dog ate my homework,“ but for firing thousands of people.
Lol Amazon stock is below 200 again
Socialize the blame and privatize the credit.