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Chief
I love this for us
It won’t be the mother of all layoffs. It will be a rolling layoff over the next 1-2 years as each function and team are examined for efficiency and reduced based on output forcing them to adopt AI to make up for the lack of personnel.
Pro
Yikes
Huh
Pro
Where at EY?
crunch base article on explosion of ‘operational efficiency’ mentions by ceos, trending up
This has been the last year though - it will be interesting to see impacts of lowering rates (if that happens) and AI development (if it’s real).
As per a Crunchbase News tally.
Layoffs during the week ended May 31, 2024: At least 1,270 U.S. tech sector employees were laid off.
In 2024: At least 54,343 workers at U.S.-based tech companies have lost their jobs so far in the year.
In 2023: More than 191,000 workers in U.S.-based tech companies (or tech companies with a large U.S. workforce) were laid off in mass job cuts.
In 2022: More than 93,000 jobs were slashed from public and private tech companies in the U.S.
Still?
Data to back up this statement?
none - this is what happens when your interns / analysts aren’t busy enough
Rising Star
Why isn’t it the FATHER of all lay offs?
OP hates males
Pew pew pew!!!
This is based on…
Chat gpt
Could you explain your statement? Job market is already very stressed.
Chief
Pew pew…. Pew!
Big if true!