Tech companies have been laying off employees for a while now. I think it's mostly due to pandemic overhiring and higher interest rates but I suppose we'll see.
I agree that AI was not the _actual_ reason, however, it did allow them to do massive layoffs without admitting they are doing poorly and not taking a massive hit to their stock price.
Tech companies have been laying off employees for a while now. I think it's mostly due to pandemic overhiring and higher interest rates but I suppose we'll see.
I agree that AI was not the _actual_ reason, however, it did allow them to do massive layoffs without admitting they are doing poorly and not taking a massive hit to their stock price.
> Block just laid off 40% of their company
Because the company was being horribly run and over hired and "pivoted to blockchain" for no fucking reason.
> citing AI.
Because it's 2026 and they thought that would work to bullshit a few people about point one, which apparently it did.