this post was submitted on 14 May 2026
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AI isn't paying off in the way companies think. Layoffs driven by automation are failing to generate returns, study finds (fortune.com)
submitted 16 hours ago by sanitation@lemmy.radio to c/technology@lemmy.world
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[–] ThePowerOfGeek@lemmy.world 26 points 12 hours ago

While very different in some ways, some parallels between the AI-driven layoffs and the offshore outsourcing layoffs of the mid-2000s are striking.

Ultimately both scenarios were/are driven by corporate greed. And it looks like the AI one is backfiring for many of the same reasons as the offshore one.

They are replacing experienced staff who have strong critical thinking abilities and hands-on knowledge, and the replacements lack the institutional knowledge and the ability to look at the big picture, and they substitute speed for methodological discernment.

Time is cyclical.