[mattmaroon]

He said very specifically that the layoffs weren’t for financial reasons, and they are publicly traded company so you can just look at the reports. Anyone who thinks this wasn’t because of AI has a level of optimism I’ll never achieve.

[SpicyLemonZest]

One key piece of financial information in those reports is that that their revenue growth fell off a cliff when ZIRP ended (months before ChatGPT came out) and never recovered to even pre-Covid levels. There's no indication that their core business is unhealthy, and I'm not claiming to rule out that AI is related, but it makes sense that a company transitioning to "maintenance mode" might find itself wanting to be a lot smaller.

[jollyllama]

Cynicism can be optimism when the prevailing narrative is doom and gloom.

How is the competing narrative of cutting teams that were working on non-core or experimental projects falsified by any of this? Why wouldn't they put a brave face on that and chalk it up to AI? You can see how the stock market has rewarded it.