Well yeah, they thought they were getting employees who worked for nothing with no complaints and instead they got shitty software that doesn’t reason and costs more to operate than an employee.
Companies were sold on the idea of general AI intelligence through smoke and mirrors chat bots. Now they’re putting these bots to the test and they’re failing, in nearly every use case.
There are some niche roles that AI can do well, but until it becomes true AI it’s just machine learning and very limited in scope and ability.
Pugs914 on
It’s the cost. They thought it would eliminate expenses but are realizing token use is much more expensive.
Many corps are fine with “good enough”/ bare minimum quality work. Once something negatively impacts their profit and bottom line however it becomes a problem.
ChuchoGrind on
The AI bubble bursting is going to be worse than 2008
0b1w4hn on
LLMs are simply a very limited technology that can never live up to the promises made by tech companies.
Hot_Parfait_8901 on
I hate these big general sweeping headlines.
Lets be honest – some are regretting it and it’ll bite them in the ass in the medium/long term. Some however are delighted to shrink the bloat they had from covid hiring.
There’s every scenario and story out there regarding AI layoffs, and these big LinkedIn type headlines designed to get engagement are pretty useless.
But in saying that – if this is the message and narrative that gets out there, then happy days
RevolutionaryFig9437 on
Blindly jumped into an AI bandwagon & now regrets it. Employees deserve a better employer.
>
Soon these employers will become employees (looking for jobs themselves). Irony seldom being more perverse.
Getafix69 on
Just wait until It’s actually priced to the real cost. Going to be a lot of companies suddenly collapsing.
leo58 on
„We’ll just spread the work around to our remaining employees.“
Theydontlikeitupthem on
This is how companies work, especially IT companies, laying off staff or cutting staffing costs in any way looks great to shareholders and on the balance sheet, senior management get nice bonuses and promotions based on the onetime reductions. If there is any negatives and the cuts are rolled back or business suffers, those bonuses and promotions aren’t revoked if anything it’s turned as a positive „the company is doing so good they need to increase staff numbers, yay!“
If anyone actually suffers from this it’s the staff layed off or the remaining staff who have to take on the extra work of the lost staff, it’s not some executive.
lost-mars on
> Commonwealth Bank of Australia and IBM are also refocusing on human capital
Why are news articles calling people „human capital“?
InterestedBalboa on
They don’t regret it, now they can refresh teams (new hires, new ideas, new talent) at a lower cost.
KVolkens on
Splendid. Now, which decision maker of the original stance gets fired? None? Oh…kay….
Strange-Scientist706 on
This was literally the most predictable freakin thing in the world. Every mid- and c-level who advocated for this should be fired – if not for stupidity then for terminal lack of foresight
Julian_Thorne on
I hope they are embarrassed as hell
VVrayth on
Just like the gold rush, the only people making money are the ones selling shovels. Everyone else is a sucker.
highlyspecificuser on
Those employers should now be let go as a consequence to their idiotic actions.
azthal on
Any company that actually were laying off people due to AI as a real justification were morons.
Not because AI does not have use cases and business benefits – it does in some cases, and hey, it might even make certain roles irrelevant. But because its unproven tech where all they had was marketing hype.
If you make drastic business decisions based on hype, you are an idiot.
Electronic_Horror_56 on
A reminder to tell all the companies: thou shalt not make a machine in the likeness of a human mind
HoneydewLeather9246 on
I am keeping a list of the companies that laid people off for AI, so that I know who to never work for
witty-malter on
We are also using AI in my office but its only enhancing/speeding up the work done. Its a tool to help the employee in our case. I am employing more people at the moment to keep up with the accelerating speed that work can be done now in many cases.
AI is (in our case) useful at the moment but you need a person to check the work that has been done. It def. does not replace some ones job at the moment and I dont see it equally replacing an actual person in the foreseeable future. Other fields may vary though.
ProduceNo1629 on
Feelgood propaganda. Don’t fall for it.
Ill_Television_5824 on
AKA, ***When Upper Manglement Is Stupid***, Part Whatever
PRAY___FOR___MOJO on
I don’t understand how these companies don’t see the writing on the wall. By offloading your work to AI, you’re literally making yourself subservient to those businesses. AI companies are trying to lock businesses into a subscription model that they can’t get out of.
no_player_tags on
May the daily lives of business idiots be filled with hostility and contempt. These useless leeches need to understand that if they disappear, nothing will happen but if we disappear, the economy implodes. The managerial class is nothing but a parasitic worm. Fuck them.
TheLoneAccenter on
And now they’re going to hire people back for a fraction of the pay and benefits they had before
And every single one of them need to go out of business and the C-Suite execs brought up on some kind of charges. I don’t know what kind, something might stick but they destroyed lives over a piece of technology that everyone *knew* wasn’t ready for such use. They only saw dollar signs.
My previous job had been desperate to decrease spending on employees. I’d survived 7 rounds of layoffs. They said it was completely random but I watched people who had been with the company 20+ years immune to this. Senior level architects and developers: immune. Upper management: immune.
And suddenly I got the meeting invite in my calendar. I knew.
I had *literally* just finished an entire sprint’s worth of work (two weeks) in 6 clock hours. One business day. Because I’m that good.
They had just ranted about not being able to hit a critical deadline for a new feature that they had screwed over several times and wanted it done in two months. On firing me, they left *exactly* one pure developer on the team. There was a second one but he focused on data, database, and legacy code (VB6).
They’re conflating increased productivity and sudden ability to complete complex tasks quicker with competence in AI.
They don’t understand that AI isn’t AI but a really good chatbot and is only as good as what you bring to the table, how you prompt, and your own discernment.
And they fired everyone with experience capable of making AI work *with* the company hoping to make AI their workforce.
Every single investor needs to move to have them removed. All of them. Every single company exec who did this needs to be behind bars. Again, I don’t know what charge would stick but it is fitting that they’re convicted of something even though being an egregious heinous example of what not to be when you grow up isn’t illegal.
I fucking *loved* my job. I was good at it. The work saved lives in a quantifiable way. I stopped job hoping and took hits on my income because I loved what I did.
Fuck these people.
Intrepid-Ad2873 on
Yeah now they’ll hire again but paying less. This is how this bulshit mass layoffs works, Ai was just the next excuse
ledow on
Gosh, you mean that the thing we all told you was being sold at a loss to trap you into changing everything you do to be reliant on it, is actually now starting to become more expensive?
That the trillion-dollar AI company that has NO PROFITABLE TIER of service would, one day, want its money back?
And you ignored that and sacked long-term staff because you just didn’t want to believe it?
Whoops.
Maybe there should be one last candidate for being replaced with AI before you abandon that policy.
You.
westdl on
The question is, “Would AI have made the same mistake to layoff all of those employees?” Having seen the results, I don’t think it would. A subsequent question, “Wouldn’t AI have made better top down decisions that greedy humans?” Maybe. It can pull a lot of data from multiple sources inside a company and external as well. A human wouldn’t want to read all of that data and wouldn’t have the time.
Conclusion: AI might be better at senior leadership jobs than it is with worker/employee jobs.
ChickinSammich on
Fortunately, they’ve rehired the same employees they laid off AND paid them back pay as an apology, right?
No?
Well, at least the people who made those decisions got fired for them, yeah?
Why are you laughing?
ryandoesdabs on
Currently sitting in the middle of this bullshit right now. 25% of staff laid off in Q1 to make room for AI. We’re just left with more work for less staff. I’m a middle manager and it’s absolutely exhausting trying to keep my team from burning out. I have always taken great pride in being the best leader possible. It feels like I’m failing my team currently.
Not only that, but we’re now forced to implement OT to cover the additional volume of work. We’re spending more on OT than the original cost of the engineers we let go. No concern from the ELT though. Run up the OT. Because that makes sense /s
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Well yeah, they thought they were getting employees who worked for nothing with no complaints and instead they got shitty software that doesn’t reason and costs more to operate than an employee.
Companies were sold on the idea of general AI intelligence through smoke and mirrors chat bots. Now they’re putting these bots to the test and they’re failing, in nearly every use case.
There are some niche roles that AI can do well, but until it becomes true AI it’s just machine learning and very limited in scope and ability.
It’s the cost. They thought it would eliminate expenses but are realizing token use is much more expensive.
Many corps are fine with “good enough”/ bare minimum quality work. Once something negatively impacts their profit and bottom line however it becomes a problem.
The AI bubble bursting is going to be worse than 2008
LLMs are simply a very limited technology that can never live up to the promises made by tech companies.
I hate these big general sweeping headlines.
Lets be honest – some are regretting it and it’ll bite them in the ass in the medium/long term. Some however are delighted to shrink the bloat they had from covid hiring.
There’s every scenario and story out there regarding AI layoffs, and these big LinkedIn type headlines designed to get engagement are pretty useless.
But in saying that – if this is the message and narrative that gets out there, then happy days
Blindly jumped into an AI bandwagon & now regrets it. Employees deserve a better employer.
>
Soon these employers will become employees (looking for jobs themselves). Irony seldom being more perverse.
Just wait until It’s actually priced to the real cost. Going to be a lot of companies suddenly collapsing.
„We’ll just spread the work around to our remaining employees.“
This is how companies work, especially IT companies, laying off staff or cutting staffing costs in any way looks great to shareholders and on the balance sheet, senior management get nice bonuses and promotions based on the onetime reductions. If there is any negatives and the cuts are rolled back or business suffers, those bonuses and promotions aren’t revoked if anything it’s turned as a positive „the company is doing so good they need to increase staff numbers, yay!“
If anyone actually suffers from this it’s the staff layed off or the remaining staff who have to take on the extra work of the lost staff, it’s not some executive.
> Commonwealth Bank of Australia and IBM are also refocusing on human capital
Why are news articles calling people „human capital“?
They don’t regret it, now they can refresh teams (new hires, new ideas, new talent) at a lower cost.
Splendid. Now, which decision maker of the original stance gets fired? None? Oh…kay….
This was literally the most predictable freakin thing in the world. Every mid- and c-level who advocated for this should be fired – if not for stupidity then for terminal lack of foresight
I hope they are embarrassed as hell
Just like the gold rush, the only people making money are the ones selling shovels. Everyone else is a sucker.
Those employers should now be let go as a consequence to their idiotic actions.
Any company that actually were laying off people due to AI as a real justification were morons.
Not because AI does not have use cases and business benefits – it does in some cases, and hey, it might even make certain roles irrelevant. But because its unproven tech where all they had was marketing hype.
If you make drastic business decisions based on hype, you are an idiot.
A reminder to tell all the companies: thou shalt not make a machine in the likeness of a human mind
I am keeping a list of the companies that laid people off for AI, so that I know who to never work for
We are also using AI in my office but its only enhancing/speeding up the work done. Its a tool to help the employee in our case. I am employing more people at the moment to keep up with the accelerating speed that work can be done now in many cases.
AI is (in our case) useful at the moment but you need a person to check the work that has been done. It def. does not replace some ones job at the moment and I dont see it equally replacing an actual person in the foreseeable future. Other fields may vary though.
Feelgood propaganda. Don’t fall for it.
AKA, ***When Upper Manglement Is Stupid***, Part Whatever
I don’t understand how these companies don’t see the writing on the wall. By offloading your work to AI, you’re literally making yourself subservient to those businesses. AI companies are trying to lock businesses into a subscription model that they can’t get out of.
May the daily lives of business idiots be filled with hostility and contempt. These useless leeches need to understand that if they disappear, nothing will happen but if we disappear, the economy implodes. The managerial class is nothing but a parasitic worm. Fuck them.
And now they’re going to hire people back for a fraction of the pay and benefits they had before
Ford rehired about 300 engineers. https://www.bbc.com/news/articles/cgrkd41n2v9o
And every single one of them need to go out of business and the C-Suite execs brought up on some kind of charges. I don’t know what kind, something might stick but they destroyed lives over a piece of technology that everyone *knew* wasn’t ready for such use. They only saw dollar signs.
My previous job had been desperate to decrease spending on employees. I’d survived 7 rounds of layoffs. They said it was completely random but I watched people who had been with the company 20+ years immune to this. Senior level architects and developers: immune. Upper management: immune.
And suddenly I got the meeting invite in my calendar. I knew.
I had *literally* just finished an entire sprint’s worth of work (two weeks) in 6 clock hours. One business day. Because I’m that good.
They had just ranted about not being able to hit a critical deadline for a new feature that they had screwed over several times and wanted it done in two months. On firing me, they left *exactly* one pure developer on the team. There was a second one but he focused on data, database, and legacy code (VB6).
They’re conflating increased productivity and sudden ability to complete complex tasks quicker with competence in AI.
They don’t understand that AI isn’t AI but a really good chatbot and is only as good as what you bring to the table, how you prompt, and your own discernment.
And they fired everyone with experience capable of making AI work *with* the company hoping to make AI their workforce.
Every single investor needs to move to have them removed. All of them. Every single company exec who did this needs to be behind bars. Again, I don’t know what charge would stick but it is fitting that they’re convicted of something even though being an egregious heinous example of what not to be when you grow up isn’t illegal.
I fucking *loved* my job. I was good at it. The work saved lives in a quantifiable way. I stopped job hoping and took hits on my income because I loved what I did.
Fuck these people.
Yeah now they’ll hire again but paying less. This is how this bulshit mass layoffs works, Ai was just the next excuse
Gosh, you mean that the thing we all told you was being sold at a loss to trap you into changing everything you do to be reliant on it, is actually now starting to become more expensive?
That the trillion-dollar AI company that has NO PROFITABLE TIER of service would, one day, want its money back?
And you ignored that and sacked long-term staff because you just didn’t want to believe it?
Whoops.
Maybe there should be one last candidate for being replaced with AI before you abandon that policy.
You.
The question is, “Would AI have made the same mistake to layoff all of those employees?” Having seen the results, I don’t think it would. A subsequent question, “Wouldn’t AI have made better top down decisions that greedy humans?” Maybe. It can pull a lot of data from multiple sources inside a company and external as well. A human wouldn’t want to read all of that data and wouldn’t have the time.
Conclusion: AI might be better at senior leadership jobs than it is with worker/employee jobs.
Fortunately, they’ve rehired the same employees they laid off AND paid them back pay as an apology, right?
No?
Well, at least the people who made those decisions got fired for them, yeah?
Why are you laughing?
Currently sitting in the middle of this bullshit right now. 25% of staff laid off in Q1 to make room for AI. We’re just left with more work for less staff. I’m a middle manager and it’s absolutely exhausting trying to keep my team from burning out. I have always taken great pride in being the best leader possible. It feels like I’m failing my team currently.
Not only that, but we’re now forced to implement OT to cover the additional volume of work. We’re spending more on OT than the original cost of the engineers we let go. No concern from the ELT though. Run up the OT. Because that makes sense /s