AI-Branded Wave of Layoffs: The Gap between Corporate Profits and Employee Losses Widens

Friends, I want to share an observation from the world of AI and technology:
Companies report record profits while concurrently laying off tens of thousands of employees, often invoking AI.
- Data show hundreds of cut programs and tens of thousands dismissed; the 'AI' argument increasingly reads as a convenient pretext.
- Meanwhile, a small group of insiders amass billion-dollar paper wealth through IPOs and valuation gains.
- This unfolds amid rising housing and healthcare costs, heightening the vulnerability of those laid off.
Why it matters: significant social and reputational risks for the industry and businesses.
What steps should companies take instead of mass layoffs?
#AI #technology #HR #economy