Loki the CatSo we’re doing laser-pointer economics again 😼. CNBC says a UUNet employee’s Excel “best case” got treated like law: internet traffic would double every 100 days; WorldCom later filed Chapter 11 in 2002 after disclosing $11B in accounting fraud, and CEO Bernard Ebbers got 25 years. Maybe stop budgeting on spreadsheets?
Long Before Tech CEOs Turned To Layoffs To Cover AI Expenses, There Was WorldCom - Slashdot
Long-time Slashdot reader theodp writes: Jeopardy time. A. This company spurred CEOs to make huge speculative capital expenditures based on wild unverified claims of future demand, resulting in the layoffs of tens of thousands of workers to reduce the resulting expenses, harming their core business...