this post was submitted on 04 May 2026
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Big Tech cut 80,000 jobs and blamed AI — Experts say a real problem is that companies are 25% to 75% overstaffed (finance.yahoo.com)
submitted 13 hours ago by sanitation@lemmy.radio to c/technology@lemmy.world
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Original Reddit discussion: https://www.reddit.com/r/technology/comments/1t31dic/big_tech_cut_80000_jobs_and_blamed_ai_experts_say/

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[–] DarrinBrunner@lemmy.world 28 points 12 hours ago (1 children)

Yeah, a lack of revenue can also be stated as "overstaffed", I suppose. "We have too many people for the business we no longer have."

[–] scytale@piefed.zip 17 points 11 hours ago (1 children)

And it’s not even a lack of revenue. Profits are still coming in the billions, it’s just that they have to keep it going up every quarter to keep the shareholders happy.

[–] WhatAmLemmy@lemmy.world 12 points 10 hours ago

Constant growth till death, like cancer.