MeepsTheBard@lemmy.blahaj.zonetoTechnology@lemmy.world•Cisco to lay off more than 4,000 employees to focus on artificial intelligenceEnglish
130·
9 months ago“AI isn’t good enough to replace workers yet, but it’s good enough to convince CEOs it can.”
The people making the big decisions aren’t the ones working. They’re the ones put in charge to make money for investors, who want monthly returns. Not “here’s what will get us 1XX% growth in 6-8 years,” but now.
And you’d think this would only be the case with public companies, but private equity is gobbling up quality companies and milking them dry by cutting costs and abusing their brand’s good name. People want returns on their investments QUICK these days.