The era of cheap money led to a lot of mergers and acquisitions, which incentivized companies large and small to bloat to increase their value to prospective buyers.
I really don’t think this is AI causing all these layoffs. It’s just a return to business fundamentals, but we’re in a period of massive inflation and it’s getting harder to be profitable.
I really don’t think this is AI causing all these layoffs. It’s just a return to business fundamentals, but we’re in a period of massive inflation and it’s getting harder to be profitable.