150,000 tech layoffs year to date and 40,000 last month alone. Every company is saying "AI" but the tech industry itself is saying that's just a get out of jail free card for CEOs.
I think the truth is somewhere in the middle.
finance.yahoo.com/sectors/tech...
What makes this combustible: at the very moment that tens of thousands of workers are being shown the door, a small cohort of AI insiders is becoming wealthy on a scale that's hard to comprehend.
