Analysts ran the numbers and found a surprising change in how investors are reacting to layoff announcements.
Good news! It seems investors are finally becoming wise to AI-driven mediocrity and enshittification, and punishing companies that offload their human workforce in favor of automation.
Nobody is getting punished when stocks go down. The rule always was layoffs = stocks go up. Right now the rule is AI = stocks go up.
people who know how the casino works make loads of up or down, crabbing is where it hurts.
that’s what this disaster capitalism is all about, why trump and co. (and all republicans before them…it should be an obvious cycle by now) are sabotaging the country…every stresser is just called volatility/liquidity when you make $ off of both buying and selling
Sure, but the rule used to be layoffs = AI = stocks go up, in a sort of spiral.
One link in the chain looks to be breaking.
Yeah, it’s being held up by constant cash infusions. They know that when the bubble pops the one with the most cash will win. The don’t care if it burns down 99% of the business as long as it’s the last one standing.
That is not what the article says at all. Investors don’t give a shit about any of that. They no longer believe the reasons behind the lay offs because of earn reports.
independent of that, take time to piss on jack welch’s grave, as he was first high profile ceo who fired people to please The Line, in otherwise profitable and healthy corporation, among some other horridly toxic things to do in workplace
It’s been 1D thinking all along! Anyone who works in a modern day corporation, has tales of wanton firing without any sort of consideration for who or what was going to carry on doing the work that the people let go were doing.
I don’t want to dox myself, but I remember one time someone got the bright idea to fire the entire AP team and replace them with one of those damn portals that we all know never works right (shock and awe, your vendors aren’t going to do your work for you, and automation really means you need six people in the background fixing all the automated fuck ups). Whole idea looked great on paper, allegedly, but the actual execution was, of course, a dumpster fire. Fast forward a few months where the org went through quite a public spectacle locally, where there was some sort of an event with lots of eyes and suddenly no equipment on hand because no one had paid the vendor. I vividly remember the president absolutely screaming in my face and me doing everything in my power to not burst out laughing because (a) I didn’t work in AP and (b) the person screaming was the very same person who six months earlier had rubber stamped this jabroni fest of an idea.
AP?
Accounts Payable. The department that pays the bills.
