Pink Slip Pride
Workforce reductions are no longer an admission that companies are struggling; instead, CEOs are using them to boast about their investments in AI.
As the Wall Street Journal reports, CEOs are now bragging about shrinking their companies' staff, highlighting a cooling job market and an unwavering commitment to automation at all costs.
Verizon CEO Hans Vestberg told investors last week that the telecom had been "very, very good" on headcount, meaning that "it's going down all the time," as quoted by the WSJ.
"Being honest about cost and head count isn’t just allowed — it’s rewarded," Sloane & Co strategic advisor Zack Mukewa told the newspaper, noting that changes in how we view headcount reductions have become a "powerful kind of reframing device."
Put simply, firing human workers has turned into a perverse point of pride among the C-suite class, a worrying new reality as executives continue to lay off thousands of workers while simultaneously making deep investments in AI tech.
Super Pumped
Worse yet, the industry has shown few signs of fighting back.
"I’m worried it’s happening in plain sight with no blowback, no pushback, and it’s going to become the norm," Brookings Institution senior fellow Molly Kinder told the WSJ. "I don’t think that’s good news for the American worker."
The brash and brutally honest tone of executives bragging about headcount reductions is reaching astonishing levels.
... continue reading