Now maybe AI will buy their products?
Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
131–140 of 218 posts
Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
#132Now maybe AI will buy their products?
It never makes sense to employ people as a jobs program, just so you can get more customers.
Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
#133Nearly every CEO I’ve talked to in the past three months (only a handful, admittedly) has said something along these lines, if not quite as extreme. They genuinely believed the current state of the art is polished and powerful enough to replace huge swathes of coders, designers, writers, etc. leaving only a middle-management supervisory layer and some lower-level grunts to herd the bots. Or it’s a good PR ruse to sca…
Hot take: this will eventually be the downfall of AI/burst the AI bubble, when businesses all over finally realise that 'AI-ing' their workforce was a mistake that cost them dearly, and need to re-employ almost the same number of staff to do what they're in business for. One hopes at least, anyway...
Isn't a "hot take" supposed to be controversial?
Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
#134Earlier quoted context omitted.
What I mean is they really believe it, not just for market selling For example, I know a boss add AI as a factor in performance reviews, where someone was evaluated as 'not AI-capable' for not using ChatGPT. He also asked for 3x output from the teams and said, 'If you feel it's too hard to complete, go learn how to work with AI.'
I'd tell that person that they are an idiot.
Management calls out employees for not using LLMs due to believing that once LLM use becomes prevalent throughout the company, then they'll finally see the productivity gains they are betting on. Only once the productivity gains materialize will they be able to reduce costs/headcount, so until then they'll chastise employees for not using "AI", in the belief that the employees not using LLMs are the missing pieces holding the productivity gains back.
Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
#135is there a list of public companies like this that are good candidates for shorting?
Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
#136Nearly every CEO I’ve talked to in the past three months (only a handful, admittedly) has said something along these lines, if not quite as extreme. They genuinely believed the current state of the art is polished and powerful enough to replace huge swathes of coders, designers, writers, etc. leaving only a middle-management supervisory layer and some lower-level grunts to herd the bots. Or it’s a good PR ruse to sca…
Sounds like 20 years ago when everyone was moving IT to India.
exactly this. it’s why i’m having trouble getting too worked up about the notion of AI replacing all the jobs (though i think it will end up, for a time, reducing the number of early career jobs available, which has its own social ramifications.)
Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
#137Nearly every CEO I’ve talked to in the past three months (only a handful, admittedly) has said something along these lines, if not quite as extreme. They genuinely believed the current state of the art is polished and powerful enough to replace huge swathes of coders, designers, writers, etc. leaving only a middle-management supervisory layer and some lower-level grunts to herd the bots. Or it’s a good PR ruse to sca…
Congratulations, you have found a bunch of CEOs that are going to be jobless in a few years after leading their companies down the wrong direction
Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
#138Earlier quoted context omitted.
Sounds like 20 years ago when everyone was moving IT to India.
I wonder if the presidental candidates of the 2030s will be rallying against AI taking all the jobs.
No, the media will have had at least eight years of feeding us, "This was inevitable. It's how the economy naturally works. This is our new reality. Nothing could have been done."
Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
#139Earlier quoted context omitted.
The most ironic thing is thar the middle managers are somehow surviving this. So far, anyway, but I think they’ll be found too sooner or latet
This is a pretty cynical take, but I would think that having AI management would be highly undesirable for companies, and not because it would be bad at managing. Even in good, reputable companies, there is a certain amount of legally/ethically dubious behavior that is nonetheless desirable. An H1B candidate for a position has been found, but it must be demonstrated that there is no local candidate for that position.…
You don't think AI's can't be trained to lie? Odd, given a major research area right now is to prevent AI from lying. They do it so confidently now nobody can tell.
Re: Klarna CEO: Company stopped hiring because AI 'can do all of the jobs'
#140They stopped hiring because after raising over a billion dollars their value dropped 80%, they can't raise any more money, and after operating for 19 years they finally had a profitable quarter in Q2 2024. They are in "burn the furniture to heat the cabin" mode.
Came here to leave a snarky "guess I won't use Klarna then", but happy to see your comment. This info fills me with great joy.