Pink Slip Pride Workforce reductions are no longer an admission that companies are struggling — CEOs are using them to boast about their investments in AI. As the Wall Street Journal reports, CEOs are bragging about shrinking their companies' staff,  highlighting a cooling job market and an unwavering commitment to AI automation at all costs. Verizon CEO Hans Vestberg told investors last week that the telecom had been "very, very good" on headcount, meaning that "it's going down all the time," as quoted by the WSJ. "Being honest about cost and head count isn’t just allowed — it’s rewarded," Sloane […]

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Link :
https://futurism.com/ceos-boasting-reducing-workforces-ai