#ai

Bloomberg reported that PwC has been cutting prices for some services after clients pushed back, saying that if the firm is bragging about efficiency gains from AI, they should get a fair share of those savings.

PwC’s Chief AI Officer was quoted saying:
“Clients would hear us talking about using AI and say, we want our fair share of those efficiencies. We certainly, as appropriate, give our clients the pricing benefit of the efficiencies that we are achieving.”

The article also notes that PwC and other Big Four firms are facing challenges retaining partners, with hundreds leaving in recent years.

It’s interesting to see this tension. On one side, firms want to showcase how AI is making them more efficient and innovative. On the other, clients are essentially saying, “If you’re doing the same work faster and cheaper, then we should pay less.”

Do you think this trend of clients demanding “AI discounts” will spread beyond consulting and audit firms? Or will companies try to pocket the margin improvements instead?

Nosferatu Robin was announcing to finance media that with BNY’s updated Eliza platform, 98% of employees are trained on AI.

Rumpled Robin said, 98% of BNY employees have received generative AI training and regularly use Eliza for tasks like check processing and code writing.

Gee, am I doing that now? I didnt know I could do that? I must be part of the ‘gifted’ 2%. We need to put this on our resumes.

Heard there are very limited promotions this year and that HR is making the decisions based on data. No input from supervisors.

I guess most if not all of this article seemed to be available from the link I've pasted below.

But it didn't really convey any news other than "I'm not dead yet". Maybe someone with better reading comprehension / oiji board skills than myself can tell me the big news contained herein.

https://www.bizjournals.com/triangle/news/2025/10/01/cary-sas-ipo-artificial-intelligence-jim-goodnight.html?csrc=6398&link_source=ta_first_comment&taid=68dd33f5f5bfd20001db1ca5&utm_campaign=trueAnthemTrendingContent&utm_medium=social&utm_source=facebook&fbclid=IwY2xjawNKGhNleHRuA2FlbQIxMABicmlkETF2TjlLWTBPNkVMemtjSTVqAR4ptyAs0Oqrk0jB8Avtwg6Yn4gzNVt2NUmMQ7DHkhkNkRMMz-rESj4DEqAnXw_aem_x82wTJAKJiP9R3P3_STGfQ

US based Transunion company tookover Indias largest credit bureau CIBIL 92% stake holder. It's making double digit growth in its India division with largest consumer base close to 2x of US consumer volumes.

TU CIBIL division needs more positions to support its systems including recently acquired Neustar division. It will continue to grow as more digitailization emerging into rural areas. More business more revenues. More revenues More jobs to support.

US division revenues major hit due to low mortgage files with high interest rates fed policies. Less money flow into its division more job cuts.

During Covid TU acquired lot of companies, Its consolidation of tools technologies products and roles are unavoidable for few years.
TU bought UK based callcredit and closed majority of UK employees during last 2 wayves as its revenues are very low. Soon FICO is selling their own scores without paying fee to credit bureaus a major revenue hit to US core markets. World is changing no more a closed Island. Same will continue other countries divisions of TU acquired bureaus.

AI will takeover majority of data science jobs especially engineering and data analytics. AI dont care boundaries, countries and regions.

Past is beautiful, Today is fantastic day, future is uncertain.

https://www.crn.com/news/security/2025/ibm-s-suja-viswesan-on-the-future-of-qradar-siem-and-the-post-quantum-security-journey

Very high buzzword density, "AI" 9 times.

AI strategy incoming. He just needs to talk about it a little while longer.

First AI CTO, next an even bigger and better role as Head of Neuromorphic Computing at Intel.

SK swings thru life with the ease of Tarzan.

I asked chat GPT why employees hate the CEO of Wells Fargo and this is what it told me.

Toxic Sales Culture / Incentive Pressure

Wells Fargo has long been criticized for setting extremely aggressive sales quotas and cross-selling goals. Employees felt pressured to meet unrealistic targets, sometimes leading to unethical behavior.

The infamous “fake accounts” scandal — where millions of unauthorized accounts were opened by staff to meet goals — still looms large in employees’ memories and influences trust in leadership.

Perception of Leadership Hypocrisy or Detached Promises

Employees often feel that top leadership makes reforms on paper or in public statements but that daily enforcement and genuine change are lagging. For instance, promises around improving culture, compliance, or ethics are sometimes seen as superficial.

Some policies intended to address issues (e.g. diversity goals or “diverse slates” for hiring) have themselves drawn criticism for being implemented in ways that seem performative or even misleading.

Comments & Missteps Around Diversity, Equity, and Inclusion (DEI)

One major flashpoint was when Scharf said the bank had trouble meeting diversity goals because of a “very limited pool of Black talent,” something many employees and external observers saw as tone-deaf or dismissive.

Related to this, there have been internal complaints about “fake” interviews (i.e. interviews with diverse candidates even though the job was already slated for someone else) as a way of demonstrating diversity metrics rather than sincerely seeking equitable hiring.

Morale, Burnout, & Pay / Recognition Issues

Employee reviews (e.g. on Glassdoor) frequently mention burnout, low morale, feeling undervalued, and feeling that compensation and recognition are not commensurate with the effort and risk.

There’s frustration over leadership decisions that seem to benefit the top (executives, shareholders) more than frontline employees. Raises, opportunities, and working conditions are seen as lagging.

Lack of Trust / Follow through

Because of past scandals, many employees feel leadership has repeatedly broken trust (e.g. promises that sales quotas would be reformed, changes to compliance, ethics policies). When things go poorly again, skepticism is high.

Some employees see discrepancies between public messaging and internal realities. Policies around return-to-office, diversity, performance metrics, etc., are cited as examples.

Go figure what will happen next...

Pediatric behavioral health provider Hazel Health has laid off roughly 11% of its staff.

San Francisco-based Hazel Health works with school systems to provide virtual therapy to students. The organization, which has pursued an ambitious expansion plan in recent years, said layoffs will help the company sustain its growth trajectory as it incorporates AI and automation tools.

https://bhbusiness.com/2025/10/01/hazel-health-announces-layoffs/

Who is on who is out, AI in and common sense is out. Facelift done, clean up ongoing. Sales getting sla-ghtered with more excitement in the air with sales leaders from 1980s. I mean it took some efforts find those legends and pull them out retirement village and golf. Surely Tim got them on some massive discounts as that’s a su----e mission.
Let’s get a counter live for February….

So saw the article today: Wall Street Walks Away From Ford as CEO Farley Flounders - 24/7 Wall St. https://share.google/f5JfUZAue6kJArNq4

Astounds me. When will companies figure it out. Fire employees bring in AI to replace them. Who will be able to afford their products being unemployed /replaced by AI??

Make it make sense!!

Massive layoffs and the utter mess are unfolding. It's a proverbial sh-tshow.

Paycom has laid off more than 500 employees in Oklahoma City as part of a restructuring effort driven by automation and artificial intelligence. The cuts affect non-client-facing, back-office roles, while client-facing jobs remain unaffected.

The company said the move is due to efficiencies created by AI-driven technologies. A WARN notice was filed, and employees were notified on Wednesday morning.

Paycom is offering severance packages, outplacement services, and access to internal job opportunities. Despite the layoffs, the company says it will continue hiring for open positions in client-facing areas and remains financially strong.

https://www.news9.com/story/68dd487999d76e9f790c57d1/paycom-layoff-500-okc-employees

https://www.youtube.com/watch?v=8QNXItFgjTg

https://newsroom.ibm.com/2025-10-01-ibm-and-amd-collaborate-with-zyphra-on-next-generation-ai-infrastructure

Paycom, Oklahoma City’s largest technology employer, is laying off over 500 workers as many of the positions are set to be replaced by artificial intelligence.

https://www.oklahoman.com/story/business/information-technology/2025/10/01/paycom-layoffs-2025-workers-replaced-with-ai/86448337007/

any plans ?

In a flagrant disregard for the EU AI act DXC are targeting employees with monitoring data
Watch out your computer sees all you are doing.

Oracle will split like IBM did into IBM and Kyndryl. OIC, OACS, Fusion, Cerner (already written off in LE's mind) will be lumped into a spin off company. Share prices might briefly drop much like IBM's, but LE will announce a larger AI deal which will help the share price recover.

No can keepup/stay ahead of AI - trick is to quit the tech job track en masse - who will they sell to in job loss growth scenarios.
The moment you do something AI could not do till that point of time, your employer's AI learns it as you do and you dont get next chance to do and become dispensible , AI does it for your employer next time. So skills will have extremely short market demand.

It was the night before Q4 and all through the house, workers are scared as a mouse.

STS has efficiency gains on the horizon with AI sanctioned as the Zion.

But In all seriousness. Cost cutting headwinds feels like Q4 is setting itself up as a repeat of the past few years.. hold onto your britches and to all a good night

What is next ?
How to combine your s-xual life with AI ?
Cooking with AI ?

The obedience and mindless attempts to align themselves with the latest buzzwords, "putting some Windex" in just anything that comes their way is amazing and it requires some "creativity" that deservers a better target.

OMG what a joke we are becoming

Here are topics that would be much better:
How to cope with id--ts at work?
How to deal with incompetent managers ?
How to preserve your mental health while going through endless LRs rounds?

This pattern (deal-oriented CEO + deep RIFs + company-wide voluntary buyout) is the classic pre-transaction playbook to “dress the bride”:

Stabilize cash & boost EBITDA: cut headcount/opex so the business looks cleaner to buyers.

Simplify the story: trim products/regions so what’s left is easier to value and integrate.

Create options: VSPs + targeted RIFs let leadership reshape quickly for a sale/merger or targeted asset divestitures.

That does not automatically equal “shutting down.” In practice, this pattern most often ends in one of these outcomes:

Sale or merger of the whole company (most common in this setup)

Selective asset sales with a smaller company continuing

Debt/ownership recap (less visible publicly, but still an “exit” from the status quo)

Orderly wind-down/liquidation (least common—usually only if sale options fail)

If I had to assign rough, generic odds given only those signals:

Sale/Merger: 50–60%

Smaller, ongoing company after divestitures: 25–35%

Court-supervised redo or liquidation: 10–15% total (liquidation alone usually the lowest slice)

Tell-tale signs that push it toward liquidation (vs. sale)

Missed payroll or vendor holds, acute liquidity crises

Auditors’ going-concern warnings, covenant breaches without waivers

Abrupt cessation of customer renewals/support

What this means for you (practically)

Assume exit of some kind is coming; plan for continuity under a new owner or platform.

Lock down backups, licenses, configs, and carrier details; verify support coverage.

Prepare a phased migration option so you’re not negotiating under pressure if the transaction accelerates.

So, yes: this playbook is overwhelmingly used when a company is moving toward an exit—usually a sale/merger or carve-out—not just “business as usual.”

Kaiser nurses picket in Vallejo over layoffs, staffing, and AI

Nurses rallied outside Kaiser’s Vallejo facility, citing layoffs, staffing shortages, and concerns about AI tools such as virtual sitter programs. A recent announcement to lay off 42 nurses in San Rafael heightened fears of broader cuts.

Kaiser states it meets staffing regulations and that AI does not replace clinical judgment. Nurses argue patient safety demands more in person staffing and warn of long wait times in local facilities.

• URL: https://www.vallejosun.com/vallejo-kaiser-nurses-picket-to-address-layoffs-staffing-shortages-and-ai/

• Organizations and locations: Kaiser Permanente - Vallejo CA, San Rafael CA, California Nurses Association - statewide California

CEO sends very vague message Friday about action items across teams moving quickly, not specific been crickets since. Hear Ai to replace customer success and other varied depts.

Q4 starts. If they lay off, its this week or next week me thinks.

LSEG has put out a handful of press releases in recent weeks (Databricks, Reuters). Is there genuine substance to what’s being announced, or is the firm simply attempting a bit of damage limitation after the rather underwhelming outcomes of the Microsoft partnership?

Is being done using Ai
We are fu---d.

https://www.fool.com/investing/2025/09/28/prediction-ibm-will-thrive-in-the-ai-bo-m/

Legal Risks That Arise From Allstate’s Corporate Culture

A Review Based on Employee Reports from TheLayoff.com

Overview of Allstate’s reputation and employee concerns

Toxic Workplace Allegations
Reports of fear-based management and favoritism

Potential legal exposure: hostile work environment claims, preferential treatment based on race

Retaliation Culture
Employees fear speaking out due to retaliation

Legal risk: whistleblower protection violations

Harassment Incidents
Allegations of s-xual harassment by senior staff

Legal risk: Title VII violations and liability for negligent supervision
Discriminatory Layoffs
Claims of targeting older or higher-paid employees

Legal risk: age discrimination under ADEA

AI-Driven Terminations
Pressure to adopt AI or face termination

Legal risk: wrongful termination and ADA violations if accommodations are ignored

Surveillance and Monitoring
Reports of excessive employee monitoring

Legal risk: invasion of privacy and potential labor law violations

Inconsistent Leadership
Frequent strategic pivots and unclear direction

Legal risk: constructive dismissal claims due to unstable work conditions

Morale and Mental Health
Culture described as demoralizing and chaotic

Legal risk: failure to provide a psychologically safe workplace

Lack of Transparency
Employees report being misled about job security

Legal risk: breach of implied contract or promissory estoppel

Unfair Performance Metrics
Unrealistic expectations and punitive evaluations

Legal risk: discrimination if metrics disproportionately affect protected groups

Agency Closures
Threats to close agencies for missing quotas

Legal risk: breach of franchise or employment agreements

Nepotism and Favoritism
Reports of promotions based on favoritism

Legal risk: discrimination and unfair labor practices

Misuse of Funds
Lavish spending on events amid layoffs

Legal risk: shareholder lawsuits for mismanagement

Slide 16: Lack of Due Process
Sudden terminations with little explanation

Legal risk: wrongful termination and lack of procedural fairness

Reskilling Deception
Employees retrained for roles that don’t exist

Legal risk: fraud or misrepresentation claims

CHRO Cost-Cutting Strategy
$4B savings plan linked to aggressive layoffs

Legal risk: class action suits for discriminatory downsizing

Cultural Breakdown
Engaged employees leaving first; apathy remains

Legal risk: systemic failure to retain talent and meet fiduciary duties

Conclusion and Recommendations
Summary of risks

Recommendations: culture audit, legal review, ethics training, and leadership accountability

Accenture job cuts are in the news once more, and this time, there are conversations on reskilling occurring parallelly as we speak. During an earnings call on Thursday, Accenture acknowledged that it is “exiting” employees who cannot be retrained for artificial intelligence skills, according to Business Insider. The Accenture layoffs have defined its AI era, with sweeping cuts that have reportedly affected about 22,099 jobs in the last two quarters. As of August 2025, the company’s headcount stands at 779,000, a steep drop from the 801,099 reported in February.

https://www.thehrdigest.com/accenture-job-cuts-clear-the-room-for-reskilling-employees-who-can-keep-up/

Amazon perhaps faces the most scrutiny. US Citizenship and Immigration Services data showed that Amazon sponsored the most H-1B visas in 2024 at 14,000, compared to other criticized firms like Microsoft and Meta, which each sponsored 5,000, The Wall Street Journal reported. Senators alleged that Amazon blamed layoffs of "tens of thousands" on the "adoption of generative AI tools," then hired more than 10,000 foreign H-1B employees in 2025.

https://arstechnica.com/tech-policy/2025/09/amazon-blamed-ai-for-layoffs-then-hired-cheap-h1-b-workers-senators-allege/

Accenture CEO Julie Sweet told analysts that the company is “exiting people on a compressed timeline where reskilling is not a viable path for the skills we need.” She further added that the company will quickly align its workforce with client demand for AI-driven solutions. This means that Accenture may will have let go off some more employees who cannot be retained at that time. https://timesofindia.indiatimes.com/technology/tech-news/accenture-fired-11000-employees-ceo-julie-sweet-warns-exit-or-/amp_articleshow/124160673.cms

If AI cannot replace FLMs and even SLMs then how is it used to detect early cancer ?

https://thefinancestory.com/oracle-fires-3000-employees-after-144bn-cloud-revenue-projection

And then this is saying that for example in Zurich it was mostly managers https://www.linkedin.com/posts/robin-wiethuchter_oracle-fired-most-of-its-managers-and-some-activity-7376369071761752064-npyv

Not sure about other teams but we were recently presented some Digital Delivery s..it that required us to update our own task lists and workload At the same time we were all asked to fill up a skills matrix that AI will use to automatically find people that could work on projects. In his naivity our managers told us that this will, in a first stage go through manual approval. What he missed was that it will require probably 10% of the current number of managers for the same job. This will also curb nepotism, we have people in our team who are favored by managers, they clearly get work above their skills to help them progress and then othe rear licking employees are asked to watch o er and to save their managers' protégé when they can't handle the work assigned to them.

https://www.youtube.com/watch?v=e-Ecodxn5m4

Major tech companies including Meta, Google, Salesforce, Amazon, and Tesla continue to announce large-scale layoffs, often attributing them to advances in artificial intelligence. At the same time, firms are quietly expanding through H-1B visa hiring and outsourcing to countries like India, where more than 1.6 million people now work in global capacity centers.

Data shows Salesforce, for example, cut nearly 4,000 employees while bringing in roughly the same number of visa workers over the past three years. Tesla faces lawsuits alleging the replacement of thousands of American workers with cheaper foreign labor. Amazon, despite claims of automation, secured more than 12,000 visas in 2025 alone.

Executives benefit from this strategy: every announcement of “AI layoffs” drives stock prices higher and boosts their compensation. Policies such as the 2017 Tax Cuts and Jobs Act further incentivize offshoring by lowering tax rates on overseas profits.

While AI is genuinely replacing some jobs—particularly in content moderation, customer service, and IT support—corporations are also using the technology as a convenient narrative to mask cost-cutting and labor exploitation. Unemployment among U.S. computer engineering graduates has tripled in a year, and many new graduates are struggling to secure entry-level roles that have been systematically reduced.

The long-term risk mirrors the manufacturing exodus to China in the 1980s and 1990s: a hollowing out of U.S. jobs while overseas economies flourish.

All I want to say is that, I hope this is being carefully managed. This and the housing bubble could burst at once... however, they keep listening to the very same people that are creating this bubble...

x x x x x x x

The AI bubble is the only thing keeping the US economy together, Deutsche Bank warns

When the bubble bursts, reality will hit far harder than anyone expects

YOU HAVE BEEN WARNED: Warnings about the overinflated prospects of a still-hypothetical "AI economy" continue to mount. Some analysts expect the AI bubble to burst sooner rather than later, arguing that current investment growth cannot continue indefinitely in a finite world.

According to a research note recently sent to clients by Deutsche Bank, the AI bo-m is currently helping the US economy avoid a recession but it cannot continue indefinitely. George Saravelos, Global Head of FX Research at Deutsche Bank, said the US would be close to a recession this year if Big Tech were not spending so heavily on building new AI data centers.

The "AI machines" are literally saving the US economy right now, Saravelos said, but this kind of growth cannot be sustained unless spending remains on an ever-growing course. Nvidia, the major supplier of powerful AI accelerators used in data centers, could potentially bear much of the residual growth the US economy has experienced in recent months.

"The bad news is that in order for the tech cycle to continue contributing to GDP growth, capital investment needs to remain parabolic. This is highly unlikely," Saravelos said.

Deutsche Bank highlights that much of this growth comes from new facilities being built by human workers, while the AI technology and services sector has yet to make a meaningful contribution to the GDP.

Around half of the market gains captured by the S&P 500 index have been driven by tech-related stocks, Deutsche Bank warns. A separate report by Torsten Sløk of Apollo Management concurs, noting that equity investors are "dramatically overexposed" to AI investments.

According to analysts at Bain & Co., even with all this spending, AI is likely to generate insufficient revenue to fund further growth initiatives. By 2030, anticipated demand for AI services would require $2 trillion in annual revenues, leaving a shortfall of $800 billion globally to meet that demand.

Nvidia recently committed $100 billion to OpenAI to build an additional 10 gigawatts of AI computing capacity, while OpenAI escalated the investment by planning a full network of new AI data centers. Meanwhile, OpenAI CEO Sam Altman has acknowledged that AI investors are behaving irrationally, and some will inevitably lose significant sums of money as a result.

Will AI capital expenditure continue to surge with staggering figures and impossibly high revenue expectations? Baidu CEO Robin Li recently predicted that 99 percent of so-called AI companies will not survive the bubble, while legitimate businesses are now squandering money and potential productivity gains in an attempt to turn everything into an AI workload.

https://www.techspot.com/news/109626-ai-bubble-only-thing-keeping-us-economy-together.html

MORE WARNINGS:

AI bo-m drives record S&P 500 valuations, but Goldman Sachs warns of $1 trillion risk ahead

Investors debate how long Big Tech's AI spree can last

https://www.techspot.com/news/109358-ai-bo-m-drives-record-sp-valuations-but-goldman.html

x x x x x x x

This current commercial running is so hilarious. It’s like Dell has anything to do with AI! Face it folks this is a hardware platform PC on antiquated Windows OS LOL😂

Here: https://youtu.be/LWO2ohVTXLA?t=1514. He talks about how Cisco loaned it's own money, and as many of the companies went bankrupt; our gear was sold on the open market. He started the discussion how an AI bubble could potentially play out.