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by cryo32 2 hours ago
None of this is due to AI. That’s just the cover story that stops the stock crashing. The reality is the market is contracting and it’s doing that because the extraction and monthly financial models are hurting other businesses which are also contracting because of lower customer demand.
4 comments

IIRC, WARN filings in NYC require to indicate whether lay-offs were due to AI. None of the filings of the past year checked that box [1]

[1] https://www.hrgrapevine.com/us/content/article/2026-02-11-ai...

We had the cops investigate themselves and they found no evidence of wrong-doing.
Businesses are incentivized to say it’s because of AI because it makes them look better. So not saying that when actually asked by a government entity is meaningful.
> The reality is the market is contracting and it’s doing that because the extraction and monthly financial models are hurting other businesses which are also contracting because of lower customer demand.

Can you explain what you mean?

It is, but about AI CAPEX.
Source

>I made it up. It was invented by a writer.