https://www.wsj.com/tech/ai/ai-white-collar-job-loss-b9856259?mod=hp_lead_pos3
"Some corporate leaders are drawing up plans to consolidate roles further, blurring the jobs of a product manager and software engineer into one position at technology companies, for example. "
@hj I have all the confidence in TK that she will hose up AI so badly ,like everything else she has done, that no job will be in jeopardy due to the use of AI at Wells… even TK’s. Hers is protected by SVB.
Said it before, I'll say it again. WF will be the last company in America to successfully leverage AI. Unless you plan on being here another decade, you don't need to worry about AI taking your job. Sure, they might SAY it is, but they also said thousands were downsized due to their "location" too. It's all lies.
No one said that it's a strictly "either or" situation, in definitive black and white.
As a matter of fact, what was clearly stated, included both the outsourcing and AI:
*"Currently it's a race to the bottom, whether it involves sh!tholers or AI "taking over."
Either way you slice it, the result is THE END of freedom & civilization as we've known it."*
Pay attention and absorb what's written, before assigning false accusations of "logical fallacy."
Let me guess, you get your "real" news from X.
I agree that mainstream media has tilted toward clickbait sensationalism too much, but we aren't at the point where articles directly quoting individuals is no longer trustworthy. They at least maintain that level of journalistic integrity.
I also agree that it's plausible some companies are using AI as an excuse, but I start to disagree that it's an all or nothing proposition either way. Some companies probably are just using it as a smokescreen, while other companies actually are going AI first. As just one example, 2 billion dollars spent on AI by JPM isn't a smokescreen. That's real dollar investment. Amazon warehouses are almost at a tipping point where they have more robots than workers. etc etc etc.
There isn't just one reason and to say otherwise is just logical fallacy.
@bt aka OP
The WSJ isn't worth even $1 per week.
Same goes for the NYT, and all of the rest of the MSM rags.
It's garbage propaganda, and most people by this year of 2025 have figured out at least that much about how the MSM is not in the business of informing, but moreso je-k!ing su-kers and NPCs (such as yourself) around with all of their smoke and mirrors, shell games, BS and outright psy-ops.
It's not that people who are aware of what's really happening are "too cheap to pay for journalism," it's that we avail ourselves of information which is based in REALITY (no matter how ugly or difficult to accept) rather than lulling ourselves into la-la-land by feeding our heads with deception.
Want to see what's really going on in business/the current financial situation?
Start here: https://www.youtube.com/@GregoryMannarino/videos
Also, a lot of companies state that they're moving quickly toward AI as their reason for laying off workers, because they're actually just looking to cut corners and save a few bucks by short-sightedly outsourcing most of their work to 3rd world sh!tholers, who are cheaply compensated and more willing to look the other way when business is conducted in dubious, unethical, counter-productive and/or corrupt practices. They don't care about humanity, they care about power, control, and money. That's it.
Currently it's a race to the bottom, whether it involves sh!tholers or AI "taking over."
Either way you slice it, the result is THE END of freedom & civilization as we've known it.
Sorry to those who can't afford wsj for a buck a week.
The short of it is, more and more companies are planning on flatting out and stopping/slowing hiring as they build out their AI solutions. Several CEO's are predicting varying degrees of job shift or job loss as a result. Ford CEO just predicted about 50% of white collar jobs will go away.
Of course no one can predict the future, and it's likely AI will create new jobs. How it balances out in the end is anyones guess though.
While this article doesn't mention Wells Fargo specifically, it does mention JPM which is indirectly relevant to us. Here is the quote for those too cheap to pay for journalism:
"At JPMorgan Chase JPM 1.65%increase; green up pointing triangle, Marianne Lake, CEO of the bank’s massive consumer and community business, told investors in May that she could see its operations head count falling by 10% in the coming years as the company uses new AI tools."
@a7
That's right, they are weak. Weak as fu-k.
But what do you expect from a dum--ss who just reposts something they glossed over scrolling while taking a sh-t?
AI can create and close out Jira tickets. We just have too much tech debt from years of poor management that we are behind,
Till AI fills out and closes JIRA tickets i call BS. Model improvement has been flat for the last 9mo. Keep some money on the side for the crash that's coming. The AI hustlers are pumping as hard as possible, cashing out and leaving speculators holding the bag.
Nailed it.
What are these low effort posts where people are just posting paywalled links to articles?
Some of them not even related to the company. And you could have at the bare minimum written some interesting or thoughtful commentary. But nope, just post a paywalled link.
Weak.