[BearOso]

Layoffs are one of the only ways way to cut spending before quarterly reports when the market is already saturated. The other way is to make the products cheaper (enshittification).

As far as more employable candidates go, I don't think executives realize the vast limitations of LLM. You have to remember they aren't technical people. They're thinking managers with no training are going to replace skilled employees--that there was a secret magic button that the lowly employees all knew about and it's now in their hands.

Sam Altman said there were now going to be one-person, billion-dollar companies. Reading between the lines, since there's not enough money for every person to do that, what does he intend for the remainder to become?