Partially a contracting real economy following overhiring early in the decade, partially trying to discipline labor, partially a pretty profound disconnect from both market pressures and concrete metrics that comes from a business model more centered around stock value and funding raises than revenue per se
replyWe've been moving to faith-based markets for decades - markets where belief and hope almost entirely replace quantifiable economic activity.
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replyOutsourcing to India and the Philippines
replyThere’s alway a bit of that going on, but ironically if AI does result in mass labor replacement India and the Philippines are likely going to be ground zero where workforces get wiped out first. They’re ripe with the kind of things that AI is, in theory, getting very good at.
replyBecause there was bloat and AI was a good scape goat.
replyTrend following - everyone's jumping. And bad economy.
replyThe economy is shit. They make the layoffs but instead of saying we're scaling down, they present it as AI related productivity gains.
replyJust spin for not exactly bright small time stock holders.
Typical bad management decisions that came home to roost. It’s a lot easier to say “AI productivity improvements” than for the CEO to say “I’m cleaning up terrible performance on my part and a lot of bad business decisions.”
replyTo juice the next quarter. Extreme short-term thinking has become the norm at every business I've worked at and every business I'm aware of, so upper management has no issue cutting teams right down to the bone.
replyIt's why software has become far more unstable. There's nobody around to actually maintain it.