The tech jobs bust is real. Don’t blame AI (yet)

Why technology firms are shedding workers

The Economist
Feels early to blame AI for most of this. A lot of it still looks like a reset from 2021-era hiring assumptions rather than actual labor replacement

I don’t think that sufficiently explains it either. We all want a nice little bow on a simple, easy target. But there isn’t one.

Block, for example, said that they had experienced record profits… in spite of their, “hiring spree.”

This is just capitalism working as usual, only more of it, faster.

AI has a part in it. So does austerity policies and the rise of a certain political climate.