MASS AI LAYOFFS Hit As Fed Cuts Rate

Software engineer here. AI is just an excuse. In reality, they are offshoring tons of jobs to India.

These are ppl that did everything right. In life, education and "stable career." Just work hard, and anything is possible. Biggest lie of our lives.

This an example of capitalism eating itself. All these companies are cutting off their own base economy. The more people they layoff the less products they will sell, but in the relentless quest for profits and growth they will instead cut off any means in which to make profit or achieve growth and expect someone else to provide a demand for their products which no one can afford because there is no economy. Good luck. This system is stupid.

As a data scientist all i can tell you that these layoffs will backfire heavily against those corporations. It is a tool, the real capital is the human beings that know how and when to utilise it.

The real issue is greed. AI is the vehicle powering it.

Can we please stop winning already

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The American Dream has literally turned into the American nightmare 😳

They made a great point that isn't being talked about enough: if the AI revolution fails, we're done. If it succeeds, we're also done.

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