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@return2ozma@lemmy.world

2026-10-16 04:42 UTC

Companies rushed in on AI. Now some are pulling back

Replies (6)

  • @stoy@lemmy.zip 2026-10-16 05:01

    Are we finally hitting the trough of disillusionment with AI? That would be amazing!

    Open ##5210951

  • C-suite leaders say when it comes to AI, there’s a sense that “we’re driving the truck and building it at the same time, and that’s a problem,” said Johnny C Taylor Jr, president and CEO of the Society for Human Resource Management. “If we could all rewind … we would have introduced [this] in a more thoughtful, slow way.”

    Open ##5212893

  • Firms from Microsoft to McKinsey are limiting usage for employees, as the flood of new tools and rapacious consumption weighs on bottom lines. Others, such as Palantir, Booz Allen Hamilton and Nvidia, are restricting employee use over growing concerns about the security of their organizations’ data with AI companies, Reuters reported. You don’t say!

    Open ##5213029

  • Mark Ma, University of Pittsburgh professor and researcher on the AI layoff study, said leaders are focused on short-term performance, “which is why they tried to rush ahead by investing in AI and laying off workers”. But companies’ share prices tend to dip after they announce AI-related layoffs, he noted, suggesting that “the stock market also does not think these will work out.”

    Open ##5214794

  • @Waterpumpee@lemmus.org 2026-10-16 06:24

    Hah! Imagine you spent the last 3 years not looking at code and now are forced to do it by foot again. The horrors.

    Open ##5215429

  • Worth mentioning here: hermit-tech.com/…/ai-mania-is-eviscerating-global…

    Open ##5219439