Then why the layoffs???
Because there was bloat and AI was a good scape goat.
CEOs admit AI had no impact on employment or productivity
11–20 of 85 posts
Re: CEOs admit AI had no impact on employment or productivity
#12Then why the layoffs???
Partially a contracting real economy following overhiring early in the decade, partially trying to discipline labor, partially a pretty profound disconnect from both market pressures and concrete metrics that comes from a business model more centered around stock value and funding raises than revenue per se
Re: CEOs admit AI had no impact on employment or productivity
#13This article is underlining the stark contrast between the viewpoints of “AI Enthusiasts” and everyone else. Don’t get me wrong, I use these tools daily. That being said I’m having a very hard time finding where the productivity gains are. I imagine I’m far from alone in that search and when you pair that with the constant marketing and glowing “analysis” from some of the enthusiasts about how this technology is “sol…
> Don’t get me wrong, I use these tools daily. That being said I’m having a very hard time finding where the productivity gains are.
So why are you using the tools? Personal curiosity? Workplace mandate?
I've made measurably more and faster progress on both professional and personal projects since adopting these tools. Sometimes assisted is less productive than unassisted, but the net gain is pretty obvious to me.
Re: CEOs admit AI had no impact on employment or productivity
#14Did the hype cycle not have an impact on employment with the various layoffs? Or is this and admission that the layoffs were for other reasons and were just attributed to AI? I’m not surprised about productivity though. Efficiency gains are limited by the actual bottlenecks. And truthfully, I think people are deluding themselves a bit about how effective vibe coding is and how much faster they are actually moving whe…
I've found the best way for me to wield it is the tool to build tools. I would have never in a million years been able to code. But I've used it to replace things I was paying hefty monthly subscriptions for....
So I'm not actually being more productive, but I've cut my costs significantly to do the same things I could do before.
Re: CEOs admit AI had no impact on employment or productivity
#15Then why the layoffs???
Partially a contracting real economy following overhiring early in the decade, partially trying to discipline labor, partially a pretty profound disconnect from both market pressures and concrete metrics that comes from a business model more centered around stock value and funding raises than revenue per se
We've been moving to faith-based markets for decades - markets where belief and hope almost entirely replace quantifiable economic activity.
Re: CEOs admit AI had no impact on employment or productivity
#16AI isn’t going away, but it’s also clear the much promised impacts aren’t there and aren’t coming anytime soon. A bit like the claims a few years back that we’d all have self driving cars by now.
The most likely outcome is an AI bubble correction that will be somewhat painful and wipe out many/most AI startups, followed by AI settling into day to day in a way that’s useful and found in many places, but not world-as-we-know-it-ending like the AI bros predict.
Re: CEOs admit AI had no impact on employment or productivity
#17Then why the layoffs???
To juice the next quarter. Extreme short-term thinking has become the norm at every business I've worked at and every business I'm aware of, so upper management has no issue cutting teams right down to the bone.
It's why software has become far more unstable. There's nobody around to actually maintain it.
Re: CEOs admit AI had no impact on employment or productivity
#18This article is underlining the stark contrast between the viewpoints of “AI Enthusiasts” and everyone else. Don’t get me wrong, I use these tools daily. That being said I’m having a very hard time finding where the productivity gains are. I imagine I’m far from alone in that search and when you pair that with the constant marketing and glowing “analysis” from some of the enthusiasts about how this technology is “sol…
Not the OP, but there are likely many tens/hundreds of thousands of people using AI daily because their management requires it. Management tracks AI usage by employee and uses it as a KPI. You want to keep your job, you use AI. You want a bonus, you use AI a lot.
This is simultaneously one of the easier management KPIs for employees to hit and one of the least meaningful.
https://www.wsj.com/tech/ai/ai-work-use-performance-reviews-...
Re: CEOs admit AI had no impact on employment or productivity
#19Then why the layoffs???
Outsourcing to India and the Philippines
There’s alway a bit of that going on, but ironically if AI does result in mass labor replacement India and the Philippines are likely going to be ground zero where workforces get wiped out first. They’re ripe with the kind of things that AI is, in theory, getting very good at.
Re: CEOs admit AI had no impact on employment or productivity
#20My company has pushed engineering all-in for AI in the last few months
Our stock price has also gone down 70% in the last few months
Naturally, we're pivoting our platform to put AI front and center