alt Hacker NewsMost companies are showing high revenue and profit and still laying off huge segments of their workforce. Largely due to the stock market - a lot of non-AI players are facing lowering stock price.
Most companies are showing high revenue and profit and still laying off huge segments of their workforce. Largely due to the stock market - a lot of non-AI players are facing lowering stock price.
High revenue and profit are not relevant - employees cost money, so if company feels it could do without them, the layoffs happen. Low revenue and loss would be another reason for layoffs too, of course.