Big Tech layoffs hit 500,000 -- including Microsoft, whose CrowdStrike failure just crashed the world. They're blaming AI, of course. And promising many more layoffs to come.

Peter thank you for your posts!

Thanks Joey! 🙏

Relying on one company for the entire corporate world leaves us in situations like this one this morning. 9-1-1, surgery, airplanes…

Wasn't CrowdStrike also heavily involved in the Russia Hoax / DNC 'hack'?

500,000 layoffs from big tech and Democrats say everything is fine?

I guess they can learn to mine coal or something. Learning to code doesn't seem to be working for them anymore.

“Intuit to lay off 1,800 employees, labels 1,050 as ‘underperformers’” Underperformers is code for remote workers. Intuit told people to return to office. And they meant it.

US JOB MARKET IS ONLY STRONG IN THE MEDIA HEADLINES: US economy LOST 192,000 jobs in Q3 2023. In last 30 years, such a drop happened only in RECESSIONS Meanwhile, non-farm payrolls were likely OVERSTATED in 2023 by 730,000 jobs, according to Bloomberg👇

"Continent-sized Detroit" is a sobering thought. I've said much the same about tech jobs, though I pointed to the East, rather than the bots. There are legions of US educated IT folks coming up in India and China that command a tenth of the pay of their US counterparts. AI is certainly speeding it all up.