LAYOFFS ARE PRESS ATTENTION SEEKING NOT CAUSE FYI: it is NOT clear that the job

LAYOFFS ARE PRESS ATTENTION SEEKING NOT CAUSE
FYI: it is NOT clear that the job market is being affected by the AIs. Instead, the job market is correcting – it began with musk firing the ‘excess baggage’ at twitter. And this gave all the companies public permission to follow suit without share prices dropping. But tech companies overhired during covid for well understood reasons.

Instead, and this is true everywhere we look, the companies that are large and in the tech space, that have to invest in AI, are trimming staff to pay for the outrageous overhead cost of the hardware or compute time. Those that aren’t doing so are just following the ‘sentiment’ and the ‘demographics’ and the likelihood of world conflict.

So that’s what is happening. It’s not ai affecting jobs.
In fact, all reports show a decline in the use of ai in the workplace. And a general increase in the sense of disappointment.

I am certain this disappointment is a matter of over-promising when there are hurdles left. Just so they can maintain the hype necessary to attract investment, necessary in turn to pay for the profound losses this investment in AI is producing.

I hope this helps.
Curt Diolittle.