Tag: layoffs
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AI layoffs get mixed results
[Forrester’s] survey of leaders found 55 percent of employers regret having made tech-driven staff cuts—leading its analysts to predict ‘half of AI-attributed layoffs [will] be quietly reversed.’” And: ‘Staffing company Robert Half has estimated that a third of hiring executives who said they’d eliminated roles due to AI automation had rehired those employees or recruited…
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Young people are cheaper and complain less
Yes: The company has cut roughly 30,000 corporate jobs since last October. But: Amazon, he noted, is hiring 11,000 interns and new grads this year. Resulting business value: And when you talk about entry-level jobs, number one, they’re your cheapest employees. They haven’t learned bad habits. You can teach them the culture, they’re willing to…
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Relative to your interests, Tuesday
I have been on vacation for a little while, in Finland for the third time. Finland feels different than the other parts of Europe I have been to. Perhaps it’s because I spent my time there in rural Finland. But it also feels like most of Finland is rural. In that way, it feels a…
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you can’t measure productivity
The [Wells Fargo] CEO named auditing, testing, legal, contracts, patent filings, pitchbooks in investment banking and credit memos as a handful of areas across the company executives see room for AI to improve processes. “How much of that actually results in pure margin or return expansion is to be seen.” Scharf said, since competitors will…
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Amazon’s culture went the wrong way
Big layoffs at Amazon corporate: “The announcement that we made a few days ago was not really financially driven, and it’s not even really AI-driven — not right now, at least,” [the Amazon CEO] said. “Really, it’s culture.” The culture wasn’t right: his comments Thursday framed the layoffs as a cultural reset aimed at keeping the…
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The Satya of Satya’s Layoff Memo – Reading between the lines/translating corporate-speak.
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Tactical work in the age of layoffs – Once the company drops all the work/life balance stuff in favor of work harder or get fired, shift to mild malicious compliance. // “If your company is putting pressure on you to ship more, one solution is to spend less time on testing/refactoring/glue work.”
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IBM co-location program described as worker attrition plan – From the RTO-as-not-so-stealthy-layoff files.
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Trump cribs Musk’s “fork in the road” Twitter memo to slash gov’t workforce – Big layoff vibes for 2025.
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Gartner Says Layoffs May Ultimately Harm Shareholder Returns – After firing people to lower costs, the remaining staff have to do more work, either demanding more pay of getting demoralized and seeking another job. Also, if you want to grow revenue, you’ll need more staff, so you’ll hire contractors, and eventually want to hire back…
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Link: Oracle swings axe on cloud infrastructure corps amid possible bloodbath at Big Red
These US-based layoffs are part of a broad round of job cuts around the globe this month, said to range from 500 to 14,000 at the database giant. The biz employs about 140,000 worldwide. All the articles say it’s in the cloud business. Source: Oracle swings axe on cloud infrastructure corps amid possible bloodbath at…
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Link: Cutting ‘Old Heads’ at IBM
“ProPublica estimates that in the past five years alone, IBM has eliminated more than 20,000 American employees ages 40 and over, about 60 percent of its estimated total U.S. job cuts during those years.” Original source: Cutting ‘Old Heads’ at IBM
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