This CEO laid off nearly 80% of his staff because they refused to adopt AI fast enough. 2 years later, he says he'd do it again
Briefly

Eric Vaughan, CEO of IgniteTech, undertook a significant transformation in early 2023, replacing nearly 80% of the company’s staff to embrace generative AI. He recognized a lack of enthusiasm for this change among the existing employees, believing it crucial for the company's survival. Vaughan emphasized that understanding AI was essential for every company, describing this transition as an existential threat. He implemented the initiative through comprehensive training and resources, actively promoting AI learning within the company through initiatives like 'AI Monday.'
In early 2023, we saw the light... every company is facing an existential threat by this transformation.
Changing minds was harder than adding skills... but Vaughan insists it was necessary, and says he'd do it again.
We're going to give a gift to each of you. And that gift is tremendous investment of time, tools, education, projects.
Every single Monday was called 'AI Monday,'...
It was extremely difficult ... but changing minds was harder than adding skills.
Read at Fortune
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