Why Companies Are No Longer Hanging on to Employees

The era of cheap money led to a lot of mergers and acquisitions, which incentivized companies large and small to bloat to increase their value to prospective buyers.

I really don’t think this is AI causing all these layoffs. It’s just a return to business fundamentals, but we’re in a period of massive inflation and it’s getting harder to be profitable.

Its not the AI that causing it, but the AI race. Companies need to pay for the large capex.

But where are they racing? If AGI happens, capitalism is over. If AGI won't happen, they just wasted massive amount of resource in chasing of a white elephant and these companies are over.