electronicbovine
839
42
5
We're going to be seeing a lot more of this and it's not going to be good at all. I'm afraid without a radical rethinking of how an economy operates, we're going to be facing existential problems.
IgnisInvictus
That's an awesome severance. Situation is fucked. But damn.
Bowtie8bit
We need to develop a system that takes care of everyone as they become productively-obsolete. Because life is more than work. So if the work is being done, lives still need to be supported. Everywhere.
Rascael
"We are strong and profitable but could be EVEN MORE profitable if we didn't need to pay actual people..."
SquashDemon
Fuck You, Jack. I hope everyone you try to retain quits.
shalafi71
A sane message, for a horrendous decision. Every article on AI: "It's costing you productivity because you're not using it enough."
cantbelievethisisstillavailable
He says that a big cut to personnel will just happen once to make this easy and keep moral high, but as soon as AI improves, they will be faced with the same situation again, and again, and again. They can't avoid it, and the workers should be prepared for this to happen several times.
FartsSmellBad
Because they can offload all risk to the employee or consumer, and if they fail, everyone else fails too.
jwillywill
The only problem that AI is currently tasked with solving, is wages
IamnotarobitIseethenumber2
I guess I won't be buying things from people who use square then.
thefellerwhathadthatusername
scarabrae
Yep... it's looking like a top-down pancake collapse of the economy. Consultancies, services, then in-house, and all the services and products which lose that business.
Rascael
It used to be about employing people for decades, now even strong growth and profitability can't save your job...
azazyel
I totally thought that was a thing until after almost 19 years my 'position' was terminated
xmaneds
what is "Blocks"? who is jack? is he that twitter guy? never heard of " @ Blocks"
Exyr
Online payment company. Cash app and square are the 2 i recognize