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42,000 Tech Layoffs in 2024 Already – AI is the cause – Deny, Downplay, Distract [Propaganda]
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admin
LINKS:
Yahoo 42k layoffs: https://finance.yahoo.com/news/despite-booming-economy-record-profits-174247693.html
Fortunate: AI Corporate Ozempic: https://fortune.com/2024/02/29/tech-layoffs-ai-corporate-ozempic-meta-apple-salesforce-google-scott-galloway/
Billionaires Banning UBI: https://www.scottsantens.com/billionaire-fueled-lobbying-group-behind-the-state-bills-to-ban-universal-basic-income-experiments-ubi/
Wired: Zuckerberg's Bunker: https://www.wired.com/story/mark-zuckerberg-inside-hawaii-compound/
Investopedia: Meta Earnings: https://www.investopedia.com/4-key-takeaways-from-meta-q4-2023-earnings-call-8557743
Lol it's pretty funny tho. Learn to weld
We need to get revenge.
I don't want to be jobless due to AI and I never did software engineering
This is an inaccurate analysis. Using AI Doom hype . The layoffs started even before any AI advancements have picked up steam, primarily due to inflation and rise in interest rates. Everything is well and good but atleast no techjobs were replaced by streamlining using AI. So what exactly is your claim to back up that the layoffs are due to AI. For Google and Amazon is cutting down divisions/products which are not generating the revenue and that totally makes sense. Also wtf is your example of telephone operators in terms of job loss. If you want to quote that example give a real example from the companies which actually have done something. Companies using automation and rerouting resources is not a new phenomenon. AI is contributing where companies are diverting funds to AI without any clue how to monetize too. For example google massively investing to ramp up gemini.
You know, we can put together UBI. Basically, anybody making robots with AI on a mass scale that gets distributed can set it up such that they're what is doing the work and making the money which then goes to the owner, and as long as the owners are everybody with the same number of robots each, as well as those jobs being properly distributed for the value, it could be done.
Google rents a large office space in Bangalore
Human Resources. Similar to IRS. We are here to help you. Please. Please . Come into my office. We need to talk. Heh. Heh. Heh.
What about india and their techies?? Wil ai replace them too😮
BS. AI is not even close to replace any developer right now. We have been told to use CoPilot at work, and I can tell you now the results so far have been disappointing, to the point that it takes longer to fix AI suggested code than what I would have done on my own. There is no way in hell that any business person would be at a point in the near future where they will be able to tell AI what they want built. They cannot even put together basic specifications and acceptance requirements.
Nonsense, ai has little to nothing to do with this. Companies were booated, lots of employees and growing number of employees told the market the company was growing, interest rates go up, companies are indebted so quickly fire stuff, also by doing that there is a good change stock also go up since indicates efficiency.
I disagree. Anyone who has used AI significantly for their job will tell you that while it does make you more productive, it’s not on the order of, you can replace entire teams or departments of people with it. It’s more like how Google search made you more productive. The vast majority of recent Tech layoffs have been due to companies over-hiring to prop up their stock value by faking growth. Their jobs aren’t being replaced, their jobs were never necessary to begin with. Elon Musk fired 85% of Twitter and it’s running just fine. There’s no way Meta needs 70,000 people to run their stupid web sites. All these companies are overvalued and have armies of people that are literally doing nothing. AI is probably replacing some people, but it’s mostly people whose jobs were already useless…like AI jobs. In our company’s last round of layoffs, the largest hit department was the AI and ML departments because they realized those teams weren’t actually doing anything.
It feels like AI is infiltrating everything. I'm scared, and I'm not gonna lie I don't see a happy future coming any time soon. "Economy is booming" is a red flag to anyone paying attention. Things are already straining like crazy. All about a system we invented and just choose to adhere to.
You obviously don't understand what AI is and what it does. Even if you did , you would not be able to correlate the job losses b/c the employer won't even tell you why you lost your job. ANOTHER MISINFORMATION YT CLICKBAIT VIDEO. We don't even have real AI yet, and it does not replace software engineers . All just BS.
Well one of my best friends is an ex Google engineer, and he says it's due to tax code changes.
So, once we are all unemployed, who will buy what is produced by the employee-free companies?
More layoffs despite booming economy? To lower expenses for a bigger bottom line. Greed knows no bounds.
there are several big success stories about guys who made games entirely by themselves without AI
notch built Minecraft by himself without AI 😂
Companies massively over hired in late 2020 and 2021. I think it is a bit misguided to assume these are AI layoffs and not a return to the mean.
Well this would then require distribution of the means of production to people. You can't have 2 people own everything. Or you just tax them 100% and redistribute the wealth.
Adobe vs gimp lol
No. AI is not the cause. Overemployment and high interest rates are.
Layoffs pre Ai: I sleep
Layoffs post AI: AIII AIIII AIII! AI DID IT AIII IT STOLE OUA JOB AI AIIAIAIAII AIIII!
All the folks excitedly discussing AI, I look at them mystified when the consequences come about. What did these folks think? There is a reason billions have been put into AI and automation that isn't to benefit the average worker. I purposely avoid self-check out stations at department stores, because that's someone's job. I did hear a number if stores are now rethinking self check out because some have leared how to steal from them pretty significantly. Karma as far as I'm concerned. They don't care about workers,they want our money, but nothing for us. Worst offemder to me is Walmart. I am supposed to pay for my food, but also do the job of the checker and bagger? That's essentially what they are doing. I don't get a discount for doing a job. Eff them!
Skynet will be letting the CEOs go 😎
All the corporations that only employ A.I do not deserve our hard earned cash or “future UBI payments” these ultra elite billionaires can go play with their A.I in their own fantasies. They will NOT take us for ride. We do NOT want their products and services. ☺️.
Honestly, AI is not the cause, AI is the excuse. The cause is the government changes, which encouraged the companies to lay off.
It's not just AI. Tooling has significantly improved for tools all over the place including software development. You can write a frontend pretty quickly with some neat tooling which requires less head count. AI can't handle the complexity of a lot of these roles but take away the simple parts. I remember when AI was going to replace radiology and now we have a shortage in the space.
4 D's:
1. Deny
2. Downplay
3. Distract
4. Disclose
The only way i see this failing is if hacking became wild spread and ai gets hacked quickly and easily thats the only way i can ser ai failing
Possibly due to the recession we are actually in or they are firing them to rehire them with different agreements/perameters/lower or no benefits.
When consumers have no means of earning an income the demand remains for basic necessities and desires for luxury items, but the ability to purchase items (which drives the market) doesn't exist. We no longer have 95% of people living on farms, so very few people are now self-sufficient.
People will go crazy when the system goes down, and the rich are ready to hide until the smoke clears. But it won't clear. When they come out of their bunkers, they'll see a wasteland where their millions will be worthless. And if they' make themselves visible to the crazies…
SHAPIROOOOO!!!
So, no employees and billions of dollars of income will mean extremely high taxes for these companies as income distribution will be necessary for society to survive! We won't tolerate no middle class and our citizens living under bridges! As a society we simply won't tolerate having billionaires and trillionaires any longer! Those days will be over! ANY politician at any level coming out against a universal basic income will no longer be a politician! Universal basic income experiments done to date show it enables people it doesn't disable them! So any claims to the contrary are false!
This is a very serious question, do you realize how bad AI generated code is? If your code can be hacked with minimal effort, these companies won't be around very long….
This is the first time I've seen people asking "It's a good idea I become a dev?". And it's the first time I tell them no.
If you are persistent enough to get a decade of experience and titles, and lucky enough to find a job, and keep it for 2 years, when you are fired you are gonna be sending curriculums every day for 1-2 years to land another job, and in the meantime you are gonna be burning the money you earned the prev 1-2 in just surviving, so in the end you permanently at zero.
Welp, good thing I am still a data center tech….. Can always fall back on that if I cant get a job after learning Cybersecurity.
Move your Office to India, Pakistan or Eastern Europe and the cost issue is solved.
Booming economy? Absolute election talks.
The stuff around 3:16 — four-phase cycle — along with Edward Bernaise (ugh) and Noam Chomsky — props also to Naomi Klein ("The Shock Doctrine").
And 4:13 — the example of telephone operators being replaced by direct-dial — good example which I hadn't considered; that earned my 👍
good point, were constantly told capitalism is the best but how long will people go along with it if we reach 30+ percent unemployment.
at that point the system doesnt even serve the purpose thats the reason we even put up with it and its gross leveld of inequality, which is that it still allows almost everyone to meet their basic survival needs
But folks want people to keep breeding when sustaining ourselves is becoming more and more difficult!