Gerrit Eicker

@eicker.bsky.social

1 month ago

#Block CEO #JackDorsey announced a 40% #workforcereduction, citing #AI as the catalyst. This is a narrative substitution, masking #operationalinefficiencies and #overhiring during the pandemic. Silicon Valley companies, including Block, lack #financialdiscipline and operational efficiency, and the…

Gerrit Eicker

@eicker.bsky.social

4 months ago

#Tech #layoffs continue, driven by #overhiring during the pandemic boom and significant #investments in #AIinfrastructure. Companies like Amazon are streamlining their workforce to reduce bureaucracy and allocate #resources towards #AI, despite the risks associated with this investment.…