Or: a recession is driving job cuts and AI is being used to distract investors from bad economic conditions.
Oh it’s very much that. Every single study that’s come out on companies adopting AI shows that it makes no meaningful difference to productivity. So, it’s very clearly just an excuse to do layoffs.
Coding tools seem impressive, but it’s still very much only useful to get a rapid prototype held together by duct tape. The other side cases are low-key hilarious. We’re pressured to meet vendors constantly, and you can tell the vendors are pressured to push their AI tools, but anything people show off are barely functional low/no code solutions. Usually it handles a small subset of their prior automation solutions, with vague promises that they’ll extend functionality and won’t cost an order of magnitude more.
I was curious which ones they attributed to automation (which is only mentioned 4 times)
However, the analysis suggested that many layoffs are pre-emptive cost-cutting measures aimed at funding AI infrastructure, rather than a direct result of automation replacing jobs at scale.
Word. Threw it in the last sentence. A+ journalism.
I appreciate the AI art to go with it
