Every large company is updating its standard layoffs announcement press release from "economic headwinds" to "AI".
Excuse is only half the story. I don't fully understand why they are doing it though. Companies hire people to make money, not as an act of social conformance. Global economy doesn't look that terrible. Nor is the AI story that believable. Is it just the CEO Zeitgeist? All the guys at Aspen talking about what fraction they cut, just as 5 years ago they bragged how bloated their org chart is? TBH the "ZIRP overhiring"…
It doesn't? I was born in the 90s (so admittedly 2008 was before I started working), but the economy is looking the worst it's been in my lifetime to me.