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The AI layoff wave is becoming a powder keg (techcrunch.com)

submitted 1 week ago by cm0002@europe.pub to c/usa@midwest.social

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[–] supersquirrel@sopuli.xyz 2 points 1 week ago

What is a powder keg is that AI is not a real profitable industry and yet the fake money involved in it has infected every part of the US economy.

When the AI bubble blows it is going to make these job cuts look paltry in comparison, and one of the reasons the AI bubble bursting will destroy so many US tech companies is that they fired all their talent because of AI and now have nothing of value because all of the talent already moved on and can't be easily gotten back.