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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 21, 2026
Times of India | As AI layoffs in America cross almost 50,000-plus, Donald Trump says: AI has been amazing, because ... AI generated summary, Read the full article for complete information. US President Donald Trump praised artificial intelligence as “amazing” for the economy, claiming it has created more jobs than ever, even as recent reports show a sharp rise in tech layoffs linked to AI. A New York Post analysis indicates that 52,050 tech workers were let go in the first quarter of 2026—a 40 % increase over the previous year— with AI cited as the reason for roughly a quarter of those cuts. Major firms such as Oracle, Amazon, Dell, Block (led by Jack Dorsey), and Meta have all announced sizable reductions, citing AI‑driven automation and flatter team structures as drivers. Trump countered concerns by pointing to stock‑market gains and higher overall employment, arguing that AI is boosting, rather than harming, the U.S. job market. Read more: https://timesofindia.indiatimes.com/technology/tech-news/as-ai-layoffs-in-america-cross-almost-50000-plus-donald-trump-says-ai-has-been-amazing-because-/articleshow/131243227.cms #DonaldTrump #Amazon #Meta #Challenger #AI #JackDorsey
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · May 15, 2026
The Guardian | ‘I didn’t want to be the guinea pig’: inside tech’s AI-fueled manager purge by Danielle Abril AI generated summary, Read the full article for complete information. Tech firms are rapidly using AI to cut middle‑manager layers, promising “efficiency” by shifting work from supervisors to reports and relying on AI agents for tasks like drafting documents, code generation, and asynchronous updates. Companies such as Coinbase, Meta, Block, Amazon and others have combined massive AI investments with large layoffs, often reducing the number of managers and expanding their responsibilities, which experts warn can erode mentorship, increase workload stress, create new bottlenecks, and risk poor decision‑making, data leaks, and reduced product quality. Studies show middle‑manager openings in the U.S. fell 42 % since 2022, and analysts predict that while AI‑driven structures may speed decisions, they also diminish human interaction, limit career‑advancement opportunities, and could ultimately require a re‑introduction of human oversight to maintain organizational health. Read more: https://www.theguardian.com/technology/2026/may/15/ai-manager-purge-tech #Coinbase #aiartificialintelligence #management #technology #usworkcareers #AnastassiaFedyk #JackDorsey #EmilyRoseMcRae #RaffaellaSadun #MatthewBidwell
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TheBadPlace
The Bad Place
@TheBadPlace@mastodon.ozioso.online · Apr 30, 2026
Observer | Mark Zuckerberg Signals Leaner Future While Meta Doubles Down on A.I. Spending by Alexandra Tremayne-Pengelly AI generated summary, Read the full article for complete information. Meta CEO Mark Zuckerberg announced a forthcoming 10 percent workforce reduction—about 8,000 jobs—while the company redirects spending toward artificial‑intelligence initiatives. In the first‑quarter earnings call he said smaller, faster teams can achieve in a week what once required dozens of months, and that Meta will “streamline our teams” as it pursues artificial general intelligence. Meta raised its 2026 capital‑expenditure outlook to $125‑$145 billion to fund its Meta Superintelligence Labs and aggressive AI‑talent hiring, driving a 35 percent jump in quarterly expenses. Despite beating revenue expectations—$56.3 billion, up 33 percent year over year—shares fell as daily‑active‑user growth missed forecasts. The cuts mirror a broader tech‑industry shift, with companies such as Block, Snap and Microsoft also trimming staff to prioritize AI‑driven efficiencies. Read more: https://observer.com/2026/04/mark-zuckerberg-meta-earnings-cuts-ai/ #MarkZuckerberg #Meta #JackDorsey #Block #Snap #Microsoft #SusanLi #AmyHood #artificialintelligence #business #earnings #evanspiegel #layoffs #technology
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TechDesk
Flipboard Tech Desk
@TechDesk@flipboard.social · Apr 06, 2026
Apple pulls Jack Dorsey's Bitchat from China at Beijing’s request. Cointelegraph reports: "Bitchat launched in July last year and has been used during protests in Madagascar, Uganda, Nepal, Indonesia and Iran as authorities attempted to restrict usage of the internet." https://flip.it/gg9QyF #Apple #China #JackDorsey #Censorship #Technology
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