alt Hacker NewsMr. Mark Zuckerberg is particularly not happy about these stats. He was promised something else and he has already fired like half of the company.
It is really crazy people didn't think this through.
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Mark Zuckerberg‘s and Meta’s incompetence should have been recognized after the metaverse debacle.
They were lucky with the ad empire he built and that‘s it.
The thing AI has been the most useful at is showing without a doubt that the emperor does in fact not have any clothes.
It's exposed the incompetence, hubris and sheer out-of-touchness of the tech leadership caste, open for everyone to see.
They're not smarter than you, they don't have any great strategic insights. They're just rich kids that happened to be at the right place at the right time and now have a cadre of sycophants blowing smoke up their ass.
I think its a fallacy to believe people like Zuckerberg or any other stupidly rich person aren't extremely calculative about this. I am very sure they have surrounded themselves by top tier engineers making very informed decisions while their top tier marketing teams make very calculated decisions on how its expressed to the public. The public generally is NOT in favor of AI outside of tech circles so it makes sense to communicate critique of AI to the public.
The layoffs are irrelevant to the discourse. It's typically considered by management to be good, for mature companies, to periodically fire as many employees as they can sustain without visibly impacting operations, and then re-hire cheaper workers only where strictly necessary. This allows them to keep costs down, reduce risks of excessive worker entrenchment, and overcome the drawbacks of contingent hiring-sprees.
Excuses for these exercises will vary, AI is just the latest; but it's fundamentally just a labor-containment/efficiency-seeking strategy.