Correction: 99% of CEOs are planning to use AI as an excuse to layoff employees to juice quarterly profits. They have zero accountability and golden parachutes, so no skin off of their asses.
Rank and yank, at any excuse. It’s terrible for morale, so blame it on something “beyond our control” … “remaining competitive in the current market” or whatever.
These days it feels more like “then parachute and let a venture capitalist firm buy up the mess, so they can pawn it off to the nearest would-be monopolist”
Correction: 99% of CEOs are planning to use AI as an excuse to layoff employees to juice quarterly profits. They have zero accountability and golden parachutes, so no skin off of their asses.
Rank and yank, at any excuse. It’s terrible for morale, so blame it on something “beyond our control” … “remaining competitive in the current market” or whatever.
And the stock price bumps from layoffs mean they effectively get to just hand themselves huge raises.
Then parachute and let some other schmuck deal with the fallout
These days it feels more like “then parachute and let a venture capitalist firm buy up the mess, so they can pawn it off to the nearest would-be monopolist”
Pretty much.