this post was submitted on 18 Aug 2024
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Economics

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The full list of major US companies slashing staff this year, from Tesla and Lucid Motors to Google and Paramount (www.businessinsider.com)
submitted 2 months ago by return2ozma@lemmy.world to c/economics@lemmy.ml
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[–] MajorHavoc@programming.dev 4 points 2 months ago

"Another major factor survey respondents cited was artificial intelligence. Around four in 10 leaders said they would conduct layoffs as they replace workers with AI. Dropbox, Google, and IBM have already announced job cuts related to AI."

That's a sell cue, for any shareholders reading along here.