this post was submitted on 14 May 2026
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369
AI isn't paying off in the way companies think. Layoffs driven by automation are failing to generate returns, study finds (fortune.com)
submitted 15 hours ago by sanitation@lemmy.radio to c/technology@lemmy.world
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[โ€“] MalReynolds@slrpnk.net 15 points 11 hours ago (1 children)

Shocker. Just another excuse to fire higher paid workers, point at a line going up (until it doesn't), say AI a lot, and then hire lower paid workers for the same (or worse now fighting AI in some cases) job.

[โ€“] Test_Tickles@lemmy.world 2 points 3 hours ago

This is the real answer. AI is just an excuse to cut costs while the economy is going to shit. By claiming it is all about AI, they get to cut and slash all they want without signaling to the stock market and their competitors that things are going to shit. It also allows them to cut without blaming the economy because pointing out the failing economy would upset the man-baby that is fucking up the entire world economy.