Executives have justified layoffs by claiming AI made thousands of roles redundant. Nvidia CEO Jensen Huang criticized that narrative as lazy and illogical, arguing that AI could not have caused job losses when it only became productive and useful recently. He said the claims were used to sound smart, and that they scare people and are irresponsible. Earlier, Jack Dorsey announced large workforce cuts citing intelligence tools accelerating change, but former staff said the layoffs stemmed from over-hiring during the COVID-19 pandemic. The focus shifts from productivity gains to cost pressures, spending mismanagement, and hiring excess as drivers of reductions.
""The narrative that connects AI to job loss, for many of the CEOs that are doing it - it is just too lazy," Huang told Channel News Asia. "AI has just arrived, how is it possible they're already losing jobs?""
""How is it possible that AI became productive and useful only six months ago, and they were somehow laying people off two years ago because of AI?" he added. "It doesn't make any sense.""
""It was just a way for them to sound smart and I really hate that," the CEO argued. "I think we're scaring people, and that's irresponsible.""
""nearly half," citing the emergence of "intelligence tools" that are "accelerating" changes. Former staffers quickly threw cold water on his claims, arguing the layoffs were actually the result of over-hiring, particularly during the COVID-19 pandemic."
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