#ai

what group & what excuse… Dallas move, outsourcing, AI?

once you are made redundant, are you ready to go back in there? will jobs change or disappear at other companies too because of this AI implementation? "This company's issue isn't profit, it’s growth." The company must grow to remain competitive; if other companies adopt AI and have fewer roles, then this one must do exactly the same and, as it appears, these are years where they are only letting people go. Are you ready for a world where you just can’t make ends meet because no company will ever need a human doing the job? Am I being too catastrophic or simply this issue is not getting addressed enough with governments and the public?

This feels lame. It was clearly prepared and just a long running poor AI voice reading. How can the CEO do that? The head of our company cannot speak at the earnings call?

I had to laugh while watching the latest IBM CEO Office hours (May edition). At minute 9:30, the topic is "Internal support efficiency"... Question about the internal support automation... think askHR, askIT, askSales, etc... Arvind said the services su-k... he tried to ask askHR what his vacation policy and the answer from the system was: "I could not retrieve that answer"!! Lol!

This is a great example on how IBM uses AI internally... useless.

""

Verizon layoffs 2026: hundreds more jobs cut nationwide [ Yahoo Finance ].
Colleen Cabili
Thu, May 7, 2026 at 3:03 PM EDT

About six months after eliminating more than 13,000 positions in its largest-ever single round of layoffs, Verizon has confirmed a new wave of cuts totaling several hundred jobs across the country.

Without offering a precise figure, Verizon characterized the scope as under 1% of its global workforce, Business Insider reported. Smaller business units bear the brunt of the reductions, with Verizon's Basking Ridge, New Jersey campus seeing the heaviest impact.

"We're continuing to add head count to grow parts of the business that are growing while making targeted job reductions to portions of the business where this is needed," a Verizon spokesperson said in a statement.

At a time when many employers have pointed to AI as a rationale for headcount reductions, Verizon explicitly ruled out the technology as a factor in these cuts. Workers who lose their jobs can pursue any of the more than 1,000 U.S. roles currently listed on the company's careers page.

On last week's earnings call, CFO Anthony Skiadas described the company as operating with a leaner structure since the prior year's cuts and signaled that efficiency efforts would extend past 2026. During the same call, CEO Dan Schulman highlighted AI's growing footprint at Verizon, pointing to reductions in vendor support costs of up to 70% and a 40% gain in software code output.

When announcing the November 2024 cuts, Schulman characterized the scope as company-wide and said the savings would be redirected toward improving the customer experience.

https://finance.yahoo.com/markets/stocks/articles/verizon-layoffs-2026-hundreds-more-190352303.html

My partner works for AZ and in a recent town hall meeting they said they play to reduce costs by 30% by 2030 with AI being the main focus. Expect more layoffs to come

Why the fluff is the active use of AI even a parameter for the feedback we need to give people? Eliza is actual garbage and they’re really force feeding us this so they can layoff the next group that doesn’t use it. Stay woke

U.S. employers announced 83,387 job cuts in April, a 38% increase from March. This total marks the third highest for April since 2009. Technology companies led all industries in layoff announcements, often citing AI spending as a reason. Artificial Intelligence was the top reason for job cuts for the second consecutive month. Overall hiring plans decreased significantly in April.

https://www.challengergray.com/blog/challenger-report-april-job-cuts-rise-38-from-march-ytd-cuts-down-50/

AI and globalization and robotics ARE having and continue to be our biggest threat collectively. So this is a blip on what’s coming down the Pike.

"Leahy said the multi-year cost management and efficiency ‘Geared For Growth’ initiative has paved the way for the AI-first focus of the plan going forward."

Okay, spill the beans...what is this, did they roll out CoPilot?

trend is, people are hating AI because of the impact it has on the environment all to cut some corners and not pay people... meanwhile companies are SHOVING THAT SLOP down our throats. STOP. AI is inaccurate, it hallucinates. You claim to be making lots of money yet axing tons of talented people just to push AI. this will fail and blow up in your face.

Arctic Wolf eliminated approximately 250 jobs in 2026. This affected multiple teams, including sales, product development, and marketing. The cybersecurity vendor is restructuring to invest more in artificial intelligence. This investment focuses on its superintelligence platform and agentic Security Operations Centre. Canadian employees have contacted a law firm regarding severance offers.

https://stlawyers.ca/blog-news/arctic-wolf-layoffs/

Cybersecurity vendor Arctic Wolf laid off 250 workers. This restructuring aims to boost investment in AI initiatives. The cuts affect less than 10 percent of its total workforce. Sales, product development, and marketing roles were impacted. The company plans to focus on its Superintelligence platform and Agentic SOC.

https://www.theregister.com/ai-and-ml/2026/05/06/arctic-wolf-cuts-250-jobs-in-ai-push/5231213

• More layoffs
• More AI spending
• Very high turnover
• Free cashflow problems
• AI replacing junior workers
• Reorgs everywhere
• URA / Stack ranking
• RTO/RTT/RTH
• Fake accommodations for disabled employees
• Missing senior leadership

Have a good day

Heard rumours of layoffs coming especially in tech from September due to poor company performance and execs that obsess over AI especially the ones who used to be at global payment and bailed due to promotion and couldn’t handle the role. India is expanding so if you invest in invesco it’s all controlled via India now.

What have you heard? We have been poaching the cr-p out of Cengage, expect this company to turn in the same he’ll hole that they are. Why are we bringing over that AI slop?

I don’t know about you but I bust my hump working long hard and nonstop rapid pace. I eat at my laptop and I’m feeling like no matter how good or great or exceptional it’s never going to be enough. Add this and sprinkle in AI and globalized competing for jobs but I don’t know how I’ll survive all of this. Literally abc figuratively.

“The machines are coming! We need security! We need quality!”

Amazing, right? For years, engineers were just “resources,” completely interchangeable, no need to listen to them. Now, overnight, they’re supposed to save the company from the big scary algorithms.

So now we get meetings, policies and buzzwords. Security this, quality that. Very impressive words, everybody’s saying them.

But here’s the problem, and it’s a big one: you can’t slap some shiny new technology on top of a rotten, inhumane culture and expect miracles. Doesn’t work. Never has. If you treat people like disposable parts, don’t be shocked when the whole machine starts rattling - AI or no AI.

Disney executives discussed potential future workforce changes. CEO Josh D’Amaro and CFO Hugh Johnston spoke on an earnings call. The company aims to build a "culture of efficiency." They plan to shift expenses towards content and technology. Disney is also exploring AI to improve operations and guest experience.

Burbank, California

https://deadline.com/2026/05/disney-layoffs-workers-ai-culture-of-efficiency-1236882815/

• Intel shares rallied sharply, helped by optimism around AI, foundry improvements, and possible Apple manufacturing talks.
• The stock reportedly rose more than 100% in April and kept gaining in May.
• Barron’s says Intel was Tuesday’s top performer in both the S&P 500 and Nasdaq 100.
• Technical signals look bullish, including strong volume and a possible “golden cross.”
• The analyst expects the stock may pause around $100 before any next move higher.

https://www.barrons.com/articles/intel-moved-from-laggard-to-leader-where-chart-is-heading-e4997799

Terrific event. The client and partner excitement has been very high particularly around AI

So the way script goes is,

It has been strategically decided that your position is being eliminated with broader interest towards shift in technology and geo political landscape.

the decision does not reflect your ability to fully function as an associate and the decision is strictly driven based on parameters beyond the control of global market shift.

You will be notified separately on how your shares, 401k will be vested.

We thank you for your contribution and all the best in your journey .

Replacing Shobith Varshney. Not sure how the move is going to work itself out, given technology at Citi has a long way to go before it can be called as modernized. That would take a dedicated person

Anyway, I remember some who used to say David is Trim Ryan, given references to London but well... The position could also be a crown of thorns. Good luck to David either way

Freshworks is reducing its global workforce by approximately 500 employees. This represents about 11 percent of its total staff. The company attributes these layoffs to an AI-focused restructuring strategy. CEO Dennis Woodside stated that over half of Freshworks’ code is now written by AI. This automation has reduced repetitive work across various functions.

https://www.storyboard18.com/brand-marketing/freshworks-layoffs-over-half-of-our-code-is-written-by-ai-says-ceo-as-firm-cuts-500-jobs-97275.htm

Have to be two of the worst AI tools I have ever used

No wonder these pieces of cr-p are the ones fiserv mandates

PayPal plans to cut 20% of its staff. This reduction will take place over the next two to three years. The company aims to accelerate its adoption of artificial intelligence. These job eliminations are also part of a cost-cutting initiative. CEO Enrique Lores stated PayPal underinvested in its technology platform.

https://www.wsj.com/business/earnings/paypal-to-cut-costs-after-profit-falls-dc42baf9

Does anyone else have a manager who’s fully surrendered to AI?

Every decision gets delayed because it has to go through ChatGPT first. You get assigned things that aren’t actually possible because “AI said it could be done,” then get told to use AI to figure it out. Eventually they try it themselves and realize the request wasn’t possible in the first place.

Every idea/process supposedly has a “better way” because AI will always suggest optimizations, rewrites, or process changes, even when they make zero sense given the actual constraints.

They send emails that are so obviously AI-written it hurts. Domain expertise gets ignored if it conflicts with the AI response.

And the best part: when I say something, it gets pushed back on. But if I explain that I am reading what AI responded with, suddenly they agree.

(Full disclaimer, I used AI to reword my post)

LOL Larry is cooked: https://finance.yahoo.com/markets/stocks/articles/oracle-investors-know-openais-struggles-190500503.html

Morale is at all time low, teams are divided, some with connections travel to WDF and Palo Alto for All in on AI workshops and the rest become mere spectators of what’s next to come without any stake in decisions.

Joule for Work rebranding of Joule Studio was a big flop in the 2 demo sessions, not fit for Sapphire launch, buggy, slow and complicated like a typical SAP product. SAP has mastered the art of making simple things complicated and buying new companies to keep the revenue going.

This house of cards will fall soon and all the old investments will go bust from wdf oldies.

Was AK correct that the quantum age is nigh?

https://www.barrons.com/articles/quantum-ibm-cleveland-clinic-dr-gs-35cf1909

By: Mackenzie Tatananni |
Updated May 05, 2026, 12:08 pm EDT / Original May 05, 2026, 12:01 am EDT

As investors await a quantum revolution, researchers are already delivering the first tremors.Look
no further than the latest study from International Business Machines,
conducted alongside Riken and Cleveland Clinic. Scientists linked IBM quantum systems
to two of the world’s most powerful supercomputers: Fugaku at Riken and
Miyabi-G, operated by the University of Tokyo and the University of
Tsukuba.The end
result was a protein complex spanning more than 12,000 atoms. While
highly technical, the demonstration has clear applications in dr-g
discovery and medicine, potentially delivering the transformation that
quantum enthusiasts have long promised.“They’re
the largest known molecules to be simulated thus far with quantum
computing,” Jerry Chow, IBM’s chief technology officer of
quantum-centric computing, said ahead of the announcement.He
is describing what IBM and Cleveland Clinic define as “biologically
meaningful molecules.” The protein simulated in this case is called
trypsin, a heavyweight in the world of biology. Without it, the body
would struggle to perform one of its most basic functions: breaking down
proteins into the building blocks it needs to survive.A lot of quantum research
has centered on this type of work, which has clear applications in dr-g
development. However, investors have been eager for results that prove
quantum computers are useful for something other than lab-scale
demonstrations.“The
hook here is that we want to go to a world where we have much better
therapeutics and things that make all of our lives better,” Chow
explained. “Fundamentally core to that is understanding how molecules
behave, how molecules interact with things such as water. In many ways,
this is the largest demonstration to date.”Kenneth
Merz, the lead author of the study, agrees. “I always go to the dr-g
discovery angle,” Merz said. “We’re developing methods to discover dr-gs
to improve human health. But there’s also this concept of divide and
conquer.”Merz, a
staff scientist at Cleveland Clinic, leads a lab dedicated to building
computational tools that apply theoretical math to biological research.
The latest experiment shows how existing hardware can be paired with
quantum machines to solve problems that today’s computers cannot handle
alone, he said.“You
take a very big problem and break it into small pieces that are able to
run on current-generation hardware, and then stitch it together to get
the global answer,” Merz explained.The team stopped short of claiming quantum advantage, a milestone many investors are watching closely.Quantum
advantage refers to a system’s ability to outperform classical
computers at a range of tasks, doing so more efficiently, accurately,
and inexpensively. While often viewed as the true tipping point for the
technology, focusing solely on this milestone risks overlooking the
incremental progress made along the way.Chow
emphasized that any claim of quantum advantage must be validated
against established, rigorous testing frameworks. The scientific
community isn’t there yet, and to date, there is no consensus whether or
not true advantage has been achieved.“What
we’re seeing is this groundswell of pushing the envelope of what can be
done,” Chow continued. “We’re using these machines and these
capabilities to look in these areas where we know classical methods will
struggle.”He views
the latest study as part of a larger puzzle. “It’s not a singular moment
in time for quantum advantage,” Chow said. “But we’re certainly in this
phase where we’re absolutely using these machines to do real exciting
work.”

Erased due to AI. Although I call bullsh-t. It's not AI. They just want to get rid of as many of us as they can and they're using the latest available excuse. AI creates more work than it saves. I know, I've been dealing with its mistakes for a while now. If AI is really the reason, then this place will go under sooner than anybody thinks.

Toptal predicts growth in remote tech roles. These jobs demand extensive prior experience. This trend happens amidst broad technology job cuts. More than 150,000 technology positions were cut by April. AI integration increases demand for expert workers.

https://www.msn.com/en-us/news/insight/toptal-sees-remote-tech-hiring-growth-despite-sector-layoffs/gm-GM25F0E534?gemSnapshotKey=GM25F0E534-snapshot-3&uxmode=ruby

The Q1 2026 results strengthen the case that leadership will keep pushing productivity, automation, AI, severance, consolidation and expense control. The company is not in existential danger based on results but the numbers are weak enough that employees should assume continued restructuring risk. I wouldn't interpret this as a reason to panic yet.

Coinbase announced it will cut approximately 700 jobs. This represents about 14% of its global workforce. The company cites crypto market volatility and cost reduction as reasons. It also aims to reposition the business for the artificial intelligence era. These restructuring efforts are expected to incur $50 million to $60 million in charges.

https://www.reuters.com/business/world-at-work/coinbase-cut-about-14-workforce-2026-05-05/

A new job has been posted, they are looking to hire someone to develop AI to take processes, procedures, analysis, etc out of the hands of current workers and into the bowels of AI. The worst part is that the job description includes making the AI in compliance with audit standards and SOX public standards. All while following the rules of controls and separation of duties? How can this be taken seriously? Trusting that data is properly handled, accounting is done up to high standards, and that our financial statements are accurate in the hands of newly developed AI? More layoffs coming to FP&A if this job gets filled? Whoever takes this job will be a yes-man and completely wreck our financial accuracy.

I was told by my manager that SAP is launching a global AI adoption program and will track the usage of LLMs and other AI features on SAP products. They plan to coincide the launch with Sapphire so there will also be a big buzz about it. I bluntly asked if this is going to be used to determine one's performance and my manager said yes. Apparently, we are all supposed to use AI as much as possible in our day to day work and improve efficiency and productivity by doing more work in less time. Our area is deciding to add an area level performance goal that everyone contributes to but we are also asked to include AI in our other goals.

I really don't get it. Yes, I find AI somewhat useful in my work especially if I am researching something. But NO it is not gamechanging to my work. I feel so disappointed by this move that I plan to only use AI but not get work done because no one cares about work anymore and all they care about AI adoption. I feel like we are training our replacements. If AI is useful, why does management need to force everyone to use it?

Half of our management can't even use AI because they are too old school and because they only use German in emails and chats and conversations and AI is somewhat useless in German. Is this also happening in other areas now?

Coinbase is reducing its workforce by 14%. CEO Brian Armstrong shared the news on X. He cited a need for greater company efficiency. Armstrong also noted AI's impact on changing work processes. Engineers now use AI to complete tasks in days that previously took weeks.

https://www.businessinsider.com/coinbase-layoffs-ai-brian-armstrong-job-cuts-letter-2026-5

https://www.tomshardware.com/tech-industry/artificial-intelligence/chinese-court-rules-companies-cant-fire-workers-just-because-ai-is-cheaper-ruling-says-automation-alone-doesnt-justify-layoffs

And we’re having SVPs find pennies under couch cushions and bragging about it