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 18 hours ago by sanitation@lemmy.radio to c/technology@lemmy.world
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[–] bluGill@fedia.io 0 points 5 hours ago (1 children)

But if it wasn’t for this particular fad their jobs would not have been on the line because there would be no alternative for their employers.

There have been many layoffs over the years. Laying people off because the economy isn't good is nothing new, and AI did nothing to make it more or less possible.

If the economy was really good AI would have been used not to replace people but to make them more productive thus earning the company even more money.

[–] Photonic@lemmy.world 2 points 5 hours ago

Machines also kept replacing car factory workers even when the economy was thriving, so that’s not it.

I’m pretty sure it’s human greed.