[esel2k]

Why do recent layoff often need to attach something with AI? Few companies have even found a solid revenue model or recurring paying customers.

I can only guess but saying layoff because of AI sounds better than « layoff » (because of mismanagement)?

[cheschire]

Yeah, it probably is an attempt to hide the blood in the water. They tell their competitors they aren't weak, they've just found a way to be more efficient through the use of AI. And sure maybe a couple hundred folks were replaced by some streamlined AI tooling but this is a ridiculous amount of folks to replace with AI, if it were true.

So yeah, AI. Inflation. Overhiring during the pandemic. Supply chain issues. All the usual excuses to never admit mismanagement.

[mensetmanusman]

China’s collapsing economy (30% of the world gdp) is also having an impact.

[rwmj]

Even if (as you should) you dispute their exact growth figures, China's economy is not collapsing.

[mensetmanusman]

It’s collapsing relative to the assumptions people made about growth. FDIC is down nearly 10x.