This is brutal. Cisco Systems to Cut About 7% of Staff in Second Round of Layoffs. That is 6000 jobs. Cisco has raced to take advantage of an industrywide shift into artificial intelligence https://www.nytimes.com/2024/08/14/technology/cisco-layoffs.html
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nixCraft 🐧 (nixcraft@mastodon.social)'s status on Friday, 16-Aug-2024 08:22:33 JST nixCraft 🐧 -
Arandmoor (arandmoor@mastodon.social)'s status on Friday, 16-Aug-2024 08:28:34 JST Arandmoor @nixCraft No, they're not "racing to take advantage of an industrywide shift into artificial intelligence". If someone told me, "don't worry! We used AI to set up most of your network security so that we only need a single human here instead of an entire team!" I would immediately check to make sure whatever insurance I bought to cover just such a breech was paid up.
The technology isn't there yet. Any layoff announcements you see that use "AI" to justify themselves are lies. #corporationslie
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nixCraft 🐧 (nixcraft@mastodon.social)'s status on Friday, 16-Aug-2024 08:31:03 JST nixCraft 🐧 There is a big bank that is also reducing customer support jobs, including IT and infosec jobs. The bank CEO and CTO are drinking AI cool aid and want to save money despite making billions in profits. Get ready for the worst possible customer support and data breaches because they are replacing trained staff with AI. It is now a race to the bottom.
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Owen Tyme (owentyme@mastodon.social)'s status on Friday, 16-Aug-2024 08:32:24 JST Owen Tyme @nixCraft Big business has only rarely not been a race to the bottom and that's a very sad thing.
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Radio Azureus (radioazureus@mastodon.social)'s status on Friday, 16-Aug-2024 08:34:41 JST Radio Azureus @nixCraft the beautiful thing about #bubbles is that they all burst
In the USA you've all heard and known about the housing bubble, well this one the Alpha India bubble, will burst so beautifully, that it will be talked about for many decades
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Alex, just zis guy, you know? (alexmorse@mastodon.social)'s status on Friday, 16-Aug-2024 08:42:45 JST Alex, just zis guy, you know? @nixCraft man and here I thought we'd already hit the bottom
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r0k (r0k@mastodon.social)'s status on Friday, 16-Aug-2024 08:55:55 JST r0k @nixCraft the sad part of this:
you're going to have to be more specific
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TCat - Vote Blue, Vote Harris (tcatinreality@mastodon.social)'s status on Friday, 16-Aug-2024 09:04:57 JST TCat - Vote Blue, Vote Harris @nixCraft
Who's the bank, so people van start moving now? -
viciouscrouton (viciouscrouton@mastodon.social)'s status on Friday, 16-Aug-2024 10:23:33 JST viciouscrouton @nixCraft It's all of the Fortune 100 and then some.
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