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This CEO laid off nearly 80% of his staff because they refused to adopt AI fast enough. 2 years later, he says he’d do it again (fortune.com)

submitted 2 days ago* (last edited 2 days ago) by themachinestops@lemmy.dbzer0.com to c/technology@lemmy.world

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“Every single Monday was called ‘AI Monday,’” Vaughan said, with his mandate for staff that they could work only on AI. “You couldn’t have customer calls; you couldn’t work on budgets; you had to only work on AI projects.” He said this happened across the board, not just for tech workers, but also for sales, marketing, and everybody else at IgniteTech. “That culture needed to be built. That was the key.”

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[–] Thorry@feddit.org 129 points 2 days ago (5 children)

Yeah this is called AI washing. Basically firing people, outsourcing all the jobs, stripping a company till there is nothing left. The goal is to maximize profits till the company is basically dead and then sell the husk. Because it's done under the AI label, customers and other interested parties see it as being innovative and not just money grabbing.

[–] Tollana1234567@lemmy.today 3 points 1 day ago

Its HOW pe FIRMS operate.

[–] otter@lemmy.ca 22 points 2 days ago

So they could have held paint drying Mondays instead, with the same overall effect

"Every single Monday was called Paint Dry Monday" Vaughan said, with his mandate for staff that they could only watch paint dry. "You couldn't have customer calls; you couldn't work on budgets; you had to only watch paint dry." He said this happened across the board, not just for tech workers, but also for sales, marketing, and everybody else at IgniteTech. "That culture needed to be built. That was the key."

[–] Quazatron@lemmy.world 45 points 2 days ago

Selling artificial intelligence to natural idiots.

[–] jaybone@lemmy.zip 10 points 2 days ago (1 children)

Customers see it that way?

[–] CentipedeFarrier@piefed.social 5 points 2 days ago

Depends who they define as “customers”, probably. The little people using the stuff aren’t customers, in their eyes.

[–] sirboozebum@lemmy.world 3 points 1 day ago (1 children)

Private Equity is finding it increasingly difficult to offload the companies they have taken over.

With some luck, this dickhead will go broke.

[–] Tollana1234567@lemmy.today 2 points 1 day ago

i think whatever entities likely bought out these "bankrupted" companies arnt doing anymore, or trusting the PE firms.