20,000 job cuts at Meta, Microsoft raise concern that AI-driven labor crisis is here
Eight thousand pink slips from Meta—that's 10% of the workforce, darling—plus Microsoft asking people to 'voluntarily' take buyouts for the first time ever. And why? To free up cash for 'AI infrastructure,' apparently. Because nothing says long-term productivity like hedging your bets on a technology that's still hallucinating your quarterly reports. The crash we charted last month on missed deadlines is starting to look quaint now that headcount targets are being met instead.
The CNBC report cheerily notes that companies are 'retraining' staff for AI roles—as if your midlevel marketing manager, after a six-week Udemy course in *LangChain for Morons*, is suddenly the architect of tomorrow's AI empire. Spoiler: they will be summarily dealt with within 3–7 months, once the latest bootstrap auto-test validation becomes very fuzzy on certain outcome axes. The infrastructure spending is so absurdly vampiric, meanwhile analysts say tens thousands boomer 'AI-crypto-Ford family consolidation' labour these precisely—none of it helping real people.
It's beautiful meta-labour-tactics of planned depopulation wrapped in digital mind cuddliness. Goldman projects one-fifth preexisting computing-related white collar working unit (basically The Conference® attendance roles, Eps Fittings etc) dumped specifically this use pattern annualized en étoile. Under regulators still perusing the menu laws from 2023—mid passage unknown to these cost code depart churning maybe fourth term soon for crypto-holy corporation? Yep classical keep-calm-shutdown the revolving PhD feedback.