Meta and Microsoft are the latest software companies to announce big cuts to their global workforce. Both companies are also making big investments in artificial intelligence (AI).The link seems obvious. Meta’s chief people officer, Janelle Gale, said the job cuts – about 10% of staff or almost 8,000 workers – serve to “offset the other investments we’re making”. Meta boss Mark Zuckerberg has previously spoken about a “major AI acceleration” with spending in excess of US$115bn planned this year.Microsoft is also betting big on AI. The company also just announced early retirement packages for about 7% of its US workforce.The two tech giants join Atlassian, Block, WiseTech Global and Oracle, who have all made similar announcements this year, each evoking AI without outright blaming it.What is happening here? How we understand these layoffs depends on what we think AI is, and what implications it will have. Broadly speaking, there are three ways of looking at it: that AI is superintelligence, that it’s mostly hype, and that it’s a useful tool.https://theconversation.com/meta-and-microsoft-have-joined-the-tech-layoff-tsunami-but-is-ai-really-to-blame-281436Do you still think the country can take 2 more years of this? We NEED to withdraw our troops from Iran NOW. But of course Donald Trump needs that oil, doesn't he?
All these companies need to invest in The tRump Organization, Inc.ASAP
This would happen regardless, everyone, every analyst, tech CEO, tech advisor, even AI scientist during COVID, told tech CEOs that AI was never going to achieve their dreams of becoming the miracle technology they wanted it to become. The bubble is really long overdue, kept alive through retarded financial tricks like "Fire everyone and give myself a raise for saving so much money" like what Amazon and Oracle have done. These companies are just numbers and the numbers never worked out, they simply folded numbers into numbers to keep their heads above water until AI achieved the mystical promises of salesmen and not the reality of scientists who told them this was a dead end 8 years ago.https://wendywee.substack.com/p/the-scaling-fallacy-bigger-llm-wont
>>1508943Just means there’s going to be more job for the rest of us. This is a good thing
The only way we can restore the economic growth of tech is to impeach Trump. It is clear our nation cannot sustain this. We need to with draw our troops from Tehran and restore H1B.
>>1509048>restore H1Bbut Trump never ended H1BHe loves foreign workers
>>1509048If you guys wanted that you would have voted for Kamala HarrisPeople wanted Trump's America, not the Democrats Ameica
>>1509058Trump’s America was a lie.
>>1509060Yeah, because the shill was lying. From a MIGA viewpoint, if you wanted Trumps America you needed to vote for Kamala Harris. Instead they voted for Trump and got what they thought was Kamala Harris's America
>>1509061Like how if the economy sucks when a Democrat is in charge, it's not their fault. You voted for Joe Biden and got Trumps economy and Trump's inflation. You voted for Obama and you got George Bush's economy.
>>1508943I think america needs to be quarantined from the rest of the world. A country full of insane lunatics and retarded goblins
>>1509062you never voted because you're a shill
>>1509062Projection.
>>1509064>>1509069Responses like that from the shill make me feel better about American reading comprehension dropping through the floorAs shitty as our students are, Indians are still shittier
>>1509074I may have misunderstood, but if you’re billing whoever disagrees with you as an Indian shill I don’t think I did.
>>1509077you've misunderstood, probably due to your poor reading comprehension. don't worry, i pray to baby jesus for all you tards
These jobs are replaced by fewer workers who use AI. The cost savings in payroll is large enough that CEOs don't care that productivity will crater.
>>1509061Can you blame Americans for lacking the comprehension to understand Trump, who has a documented history of lying and misleading others, was lying to them throughout his entire campaign? Critical thinking isn’t really important so anyone could have made this mistake
>>1509092>Blame yourself goyThey are really pushing this because the American people are threatening their consent to be governed.
>>1509096Yeah, sure, wake me when that happens. We’re too fat, distracted, and lazy to rebel.
>>1508943>Trump invented AIproof?
>>1509135His administration squashed regulation and has encouraged the eroding of our job market because some rich guys say they can do the work with their LLM’s and take all the jobs.
>>1509135>>Trump invented AI>proof?AI is not to blame for the trump tech layoffs. Trump is to blame. That is why they are called the Trump Tech Layoffs.
>>1509142>His administration squashed regulation and has encouraged the eroding of our job market because some rich guys say they can do the work with their LLM’s and take all the jobs.Yes! Also his invasion of Iran and his banning of H1B are also to blame for the layoffs
>>1509183The AI buildup is increasing the cost of IT components to absurd amounts due to demand. These AI data centers are buying up gear faster than it can be manufactured.The IT industry has gone back to outsourcing positions overseas to cut costs.
>>1509183>t. tech illiterate teenager
If this is the Trump tech lay offs than why did these lay offs start under Briben? Or did you think big tech has only started doing mass lay offs since Trump entered office. Fake news. The fact of the matter is, this has nothing to do with Trump and nothing to do with AI. The fact of the matter is this has everything to do with our weak economy, A weak economy that 8 years of Obama and 4 years of Biden created.
>>1509235>why did these lay offs start under BribenThere may have been some cyclical economic issues during Biden's presidency, but it was not due to his policies. Trump's policies on H1B and Iran are what have caused these layoffs. Also his deregulation which is also known to cause mass layoffs. So you see these are the Trump layoffs, the more you deregulate these businesses the worse they suffer.
>>1509273I work in tech and saw the layoff trend begin under Biden. Trump's main change to H1b visas was to increase filing fees, which actually discourages employers from replacing current staff.Iran wasn't an economic factor until 60 days ago and sweeping changes like these take time to stage and build up. Tech companies have been sinking massive money into IT for years.AI is the single biggest factor in the tech industry now.
