All the layoffs and such have been going on for a bit and there's been more and more leading up to the end of the R&D tax credit. Their headcount has been planned for years.
AI was a wonderful scapegoat. If it wasn't AI it'd be the economy or some other excuse. No one wants to admit mismanagement and overspending, but of course a business is going to take advantage of a discount. It's just a shame that wasn't a discount on property or hardware, it was on people.
Some other smaller companies are swept up in this because they follow moves from the larger companies. Everyone is trying to copy the leader, right? Everyone is asking "what's that big successful company do? That's what we need to do." So you have this absolutely horrible job hiring process in tech too as a result of that. You have excess and toxicity because people are trying to make something work that doesn't make sense for their business.
What do you think the whole $100 million bonuses for these AI people (which so far have been rumors) is going to do? It'll cause idiots elsewhere to go overpay and over hire because of FOMO...and once again more layoffs in the future.
AI was a wonderful scapegoat. If it wasn't AI it'd be the economy or some other excuse. No one wants to admit mismanagement and overspending, but of course a business is going to take advantage of a discount. It's just a shame that wasn't a discount on property or hardware, it was on people.
Some other smaller companies are swept up in this because they follow moves from the larger companies. Everyone is trying to copy the leader, right? Everyone is asking "what's that big successful company do? That's what we need to do." So you have this absolutely horrible job hiring process in tech too as a result of that. You have excess and toxicity because people are trying to make something work that doesn't make sense for their business.
What do you think the whole $100 million bonuses for these AI people (which so far have been rumors) is going to do? It'll cause idiots elsewhere to go overpay and over hire because of FOMO...and once again more layoffs in the future.
And on and on we have these cycles.