11 hours ago
”AI-Washing”: Why Most Layoffs Blamed on AI Aren’t
Fei Zhaojun's boss asked if AI could replace coders. Two weeks later, he and 160 colleagues were laid off in Beijing. But a new HBR analysis, citing Goldman Sachs, argues most layoffs blamed on AI this year aren't actually AI's doing. Plus: Reed Hastings on why companies aren't families, Disney's early retirement memo, and why the graduate job market just hit its lowest point in a decade.
This week on Paper Cut:
- The Goldman Sachs number that undercuts most "AI layoff" headlines
- A coder's account of losing his job in Beijing, and what came next
- Reed Hastings, Brian Chesky and Tobi Lütke on why "family" and layoffs don't mix
- The entry-level job market squeeze, and what workers actually want instead
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