Thread regarding Wells Fargo & Co. layoffs

AI isn’t replacing us, but it will still mean more layoffs

Not just because jobs are being shipped overseas. It’s also because AI simply isn’t delivering. They can paper over the AI flop for only so long, and we all know who will end up paying the price for the brilliant idea of throwing massive amounts of money at the latest tech fad, which is unsurprisingly turning out not to be the miracle it was sold as. Leadership seems to know only one solution to every problem imaginable, including bad judgment in spending - more layoffs.


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| 1391 views | | 10 replies (last December 19) | Reply
Post ID: @OP+1kcmf0c4a

10 replies (most recent on top)

Who cares. HY is going to downsize us whether AI was ever a thing or not. It's just another excuse. If it got banned, they'd just trot out another BS "reason". Unless AI can turn you into an I&P employee, it won't be saving your job either. So again, who cares?

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Post ID: @m9+1kcmf0c4a

Well look who was formerly in charge of AI.

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Post ID: @da+1kcmf0c4a

Someone put your money where your mouth is - go to employee look-up - look-up any random person - after results appear select 'Advance search' - Clear everything - Put 'USA' in the country field - do the same with 'IND' and 'PHI' (or PHL)

post the results of each

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Post ID: @d6+1kcmf0c4a

@a6 and @b6 doesn't make sense. We're down about as much US count as we're up India count. The execs are greedy and obsessed with efficiency.

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Post ID: @bk+1kcmf0c4a

@a2 actually they are hiring 3-4 india to 1 US person

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Post ID: @b6+1kcmf0c4a

AI will fail like cloud.

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Post ID: @ap+1kcmf0c4a

It's just an excuse. The number of people downsized won't change due to AI at all. If it wasn't AI, they'd make up something else.

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Post ID: @ae+1kcmf0c4a

@a2
Not even close. Probably around , 1:3-1:4.

People can kid themselves all they want, the money is still pouring in with offshore workers.

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Post ID: @a6+1kcmf0c4a

Who needs a successful AI program when you're hiring 1 offshore worker per laid off domestic worker?

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Post ID: @a2+1kcmf0c4a

Very little AI functionality will get delivered in the next year with all the process, review and general bullsh@t we impose on things. And that for things that have inflated ROI that we might not ever see.

What will have benefit is out of the box stuff that can be used for coding or copilot web

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Post ID: @a1+1kcmf0c4a

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