Copyright Bloomberg
Right now there seem to be only two types of business headlines: Those dedicated to the eye-popping investments and valuations of the ever-expanding AI boom, and those chronicling a stream of layoff announcements. Strikingly, you’ll often see the same company names appearing in both. It makes sense, I suppose. Employers in thrall to the possibilities of this powerful new technology are betting it will drive productivity — meaning fewer humans are needed. (And the post-layoff stock bump doesn’t hurt.) But ultimately, many of these cuts will likely prove unwise. In fact, they may undermine the very thing companies are so focused on: the ability to use AI to its fullest potential.
