Big Tech cut 80,000 jobs and blamed AI — Experts say a real problem is that companies are 25% to 75% overstaffed

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Submitted ⁨⁨1⁩ ⁨week⁩ ago⁩ by ⁨Lemmynated@lemmy.zip⁩ to ⁨technology@lemmy.zip⁩

https://finance.yahoo.com/sectors/technology/articles/big-tech-cut-80-000-211500038.html

Original Reddit discussion: reddit.com/…/big_tech_cut_80000_jobs_and_blamed_a…

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TommySoda@lemmy.world ⁨1⁩ ⁨week⁩ ago
The “experts” in this article are literally just Sam Altman of OpenAI, Tim Sweeney of Epic, and some venture capital dude. Literally the last people I’d ask.

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- p03locke@lemmy.dbzer0.com ⁨1⁩ ⁨week⁩ ago
  Solid journalism from… *reads notes* Yahoo Finance.
  
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fraksken@infosec.pub ⁨1⁩ ⁨week⁩ ago
25-75% overstaffed? In tech? Working 70-80 hour weeks, crunching it, is overstaffed?

Sorry. This triggers me. Every time a company does a collective dismissal, the decision makers should end up in jail.

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