Mastodawn

Both Meta & Microsoft have said they're shedding staff explicitly to free up cash flow to invest in AI;

on one level this is unemployment linked to technology, but its a bit different from *actual* technological unemployment - the latter sees people losing jobs due to the deployment of technology to do their jobs. Microsoft & Meta on the other hand are sacking people to take a (bigger) punt on a business strategy that is yet to prove its transformation of productivity.

#AI #workers
h/t FT

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GhostOnTheHalfShell

@ChrisMayLA6

They are sacking people because the tokens the AI customers are using cost something like nine or $12 for every dollar they receive as payment.

Internally, I think Microsoft imposed token austerity.

It seems very much that these companies are eating themselves alive. Unless the reporting I’ve listened to is somehow missing something this is even more bizarre than the tulip craze.