The “explicit” tag on some of these should really be “self reported”. It seems like most companies these days mismanage themselves into layoffs and spin it as AI gains to appease shareholders instead.
The table shows this better. All have just a single reported layoff "event" except Amazon which has three. Even a decade ago Amazon had many reports on Glassdoor and elsewhere of horrible middle management and employee churn.
All these layoffs seem to track better with longer-term decline than AI progress. One would otherwise expect the layoffs to reflect the multiple and much hyped "step change" improvements over the past few years. Instead the chart shows a sudden plateau starting a month ago. Probably when this last made the rounds somewhere else (maybe reddit? too lazy to search).
There's also a huge hole in media reporting regarding smaller businesses. That's where you'd expect AI to have the biggest impact. Instead we hear crickets.
> One would otherwise expect the layoffs to reflect the multiple and much hyped "step change" improvements over the past few years. Instead the chart shows a sudden plateau starting a month ago.
Can you clarify the theory here? So if there is a “step change” you expect companies to do layoffs all at once? How does this account for I.e. diffusion lag or companies deciding if it’s better to chase growth vs. capital efficiency?
Yes I would expect a lag, but we've been hearing hype with every model update about huge AI productivity improvements for years now.
Despite this, the layoffs are steady over that time with no such spikes. If the goal was ever to cut costs, payroll is never spared since it's too big to ignore. Chasing growth is unlikely when lending and investment is tight. Why invest in other tech companies when you can invest in AI?
I think your narratives are a bit mixed up. We went from science experiment ChatGpt 2022 to zero day finder that is too dangerous to release 4 years later. So whoever has been talking about progressive model updates has surely been correct?
Health care premiums are expensive, but even the best insurance I've ever seen was a fraction of the compensation software employees were making.
For some fields that's a huge amount of your compensation, but for software engineers it's noticeable but not going to be worth doing layoffs over by themselves.
What an absurd question. You think employers, who are laying people off and claiming AI for shareholder value, are more pressed about their large group plans than the fucking salaries that absolutely dwarf those premiums?
Some of y’all desperately need to stop huffing social media farts.
I can read the news and see things are going up sideways across the globe. You guys are extremely good at flooding the zone with shit. I am asking a question. It is easy to say we layoff people due to AI when the real reason is different. Not every company has shareholders.
You are also thinking about companies having thousands of employees and everybody seem to make millions.
