A Boring Dystopia

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Microsoft and Meta announce large staff reductions as they spend big on AI (www.theguardian.com)

submitted 22 hours ago by Viking_Hippie@lemmy.dbzer0.com to c/aboringdystopia@lemmy.world

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cross-posted from: https://sh.itjust.works/post/59180509

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[–] avidamoeba@lemmy.ca 5 points 20 hours ago

you would simply enjoy the increase output of your existing workforce or maybe even hire more people for even more potential growth.

This assumes there's the aggregate demand needed to absorb your increased product output. If there are no more sales or higher prices, it means workers would be sitting doing nothing for longer due to the increased productivity. The moment that becomes apparent, the exec layer would cut the workforce so that fewer people produce the needed output for 40+ hours a week.