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by derelicta 1104 days ago
Don't wanna make you feel worse but a friend of mine and nearly 20% of the company got fired a few days ago. CEO's justification? "We don't need you anymore, we will compensate your loss with chat-gpt & co. It's nothing personal, just business". To this day I can't tell whenever CEO's reasons were just outright lies, or if he genuinely thinks he can replace a fifth of his workplace just like that.
4 comments

Most likely outright lies. Lots of companies are laying people off to maintain profitability, this particular CEO probably doesn't want to admit that the company would have financial problems otherwise.
What I take from that is either the CEO doesn't take advice from a competent CTO, or he's lying and they used "AI" as a front to reduce the workforce for some other reason.
he also mentionned competitive pressure; basically competitors were also letting go of many folks due to AI and he had no choice but to do the same lol
We had a similar event a couple of months ago. After the layoffs the remaining employees were told to increase the productivity (do more with less) by utilizing GPT. Of course there will be no increase of compensation. The real cause of layoffs were financial, GPT is just an excuse to fend off complaints of (now overworked) employees.
got a source for that company? Presumably it'll be semi-public knowledge. I'd be incredibly surprised if a business was already proficient enough to replace software teams. Call centre operatives or content-farmers maybe...