""Essentially, every large company is overstaffed. It's at least overstaffed by 25%. I think most large companies are overstaffed by 50%. I think a lot of them are overstaffed by 75%. Now they all have the silver bullet excuse: Ah, it's AI.""
""The labor market is due for a massive upheaval due to AI. Some have already carried out layoffs and attributed them to the tech.""
Marc Andreessen argues that AI is a scapegoat for layoffs, which are primarily due to overstaffing from the COVID pandemic. He claims that many large companies are overstaffed by 25% to 75%. The trend of attributing layoffs to AI, termed 'AI washing,' is criticized by industry leaders. Following the pandemic, tech companies rapidly increased hiring, leading to a labor market that is now facing upheaval as companies seek efficiency through AI.
Read at Fortune
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