" extremely hurtful, frankly, and I think we've done a lot of damage," he said.
  • WanderingThoughts@europe.pubEnglish
    3·
    3 个月前

    That’s what they’ve been trying to do by coming up with the next new shiny thing to invest in. Remember Blockchain, NFT and the like.

    Still, the layoffs are here, so even if the bubble gets its time extended it won’t help the situation for many.

    • Valmond@lemmy.dbzer0.comEnglish
      1·
      3 个月前

      I’m not in the USA but layoffs happen all the time when the economy contracts, the thing is they always need an excuse, and I don’t know is AI is really eating up jobs (I sort of doubt it, at least for now) but man is it the best excuse ever.

      How I see the USA:

      Henderson, how’s the Q2 forecast?

      Not good, we need $1M!

      Just fire 10 people!!

      • WanderingThoughts@europe.pubEnglish
        2·
        3 个月前

        layoffs happen all the time when the economy contracts

        Yeah, USA economy is stagnating or shrinking and it’s just the AI bubble holding everything up.