In the past, when a company had disastrous revenue and all, they did layoff ; and when they were super successful and earn top $$$ they hired a lot of people to grow.
For a couple of years now, when a company post incredible revenue/profit grow like literally two digits billions per quarter, they layoff people.
So yeah it’s a sign of a healthy company now ‽
I’ve been feeling this with Wal-Mart.
They will cut hours and lay off people around particular periods. And then I’ll go and read on the front page of my work portal that goes “ANOTHER STRONG QUARTER OF EARNINGS!” to put it bluntly.
So, that’s the method now. Maximize profits. Executives get top dollar. At a worker’s expensive.
You are just a statistic.
Another sign of a healthy and booming economy
Replacing them with ai?
Reuters reported that the e-commerce giant linked the October cuts to the rise of artificial intelligence software, saying in an internal letter to staff that “this generation of AI is the most transformative technology we’ve seen since the internet, and it’s enabling companies to innovate much faster than ever before.”
innovate much faster than ever before
That’s corpo-speak for “fire workers.”
If you don’t need information to be accurate and for it to just sound nice and feel confident, AI absolutely kills it. There are entire departments where their entire job can boil down to that, feel like AI is going to keep absolutely destroying those jobs.
Marketing, for example. AI is absolutely taking those jobs.
Bezos must need to rent another city or something.
Needs a bigger yacht to hold his yacht that holds his yacht.
