I wonder a bit in how far the opposite is the plan.
Like Klarna recently firing support staff for AI and then wanting to hire them back, but as gig workers.
A company laying off thousands of engineers wont be nice for the stock. Saying you’re doing it because you’ll replace them with awesome AI might even pump the stock and is an easy excuse.
if you can the hire them back cheaper later because the job market is shit because many devs lost their job, even better.
It just reminds of this case from the 30s where a factory owner replaced skilled workers that wanted to unionize with machines and unskilled workers. The quality was worse and they produced less in a given time, and the machines were scrapped 3 years later. But it stopped unionization dead in its tracks and skilled workers got lower salaries afterward, so it all worked out even though the machines were strictly worse.
A company laying off thousands of engineers wont be nice for the stock.
Have you seen the markets recently? They don’t even care about quarterly profits anymore because that’s too slow. So if you fire half your workforce the stock price will go up because all of the reoccurring savings!
I wonder a bit in how far the opposite is the plan. Like Klarna recently firing support staff for AI and then wanting to hire them back, but as gig workers.
A company laying off thousands of engineers wont be nice for the stock. Saying you’re doing it because you’ll replace them with awesome AI might even pump the stock and is an easy excuse.
if you can the hire them back cheaper later because the job market is shit because many devs lost their job, even better.
It just reminds of this case from the 30s where a factory owner replaced skilled workers that wanted to unionize with machines and unskilled workers. The quality was worse and they produced less in a given time, and the machines were scrapped 3 years later. But it stopped unionization dead in its tracks and skilled workers got lower salaries afterward, so it all worked out even though the machines were strictly worse.
Have you seen the markets recently? They don’t even care about quarterly profits anymore because that’s too slow. So if you fire half your workforce the stock price will go up because all of the reoccurring savings!