this post was submitted on 12 Jan 2026
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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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[–] rumba@lemmy.zip 73 points 1 day ago (1 children)

Because it had nothing to do with AI

It was an excuse to slash the workforce with relatively little backlash.

[–] SaveTheTuaHawk@lemmy.ca 12 points 1 day ago (1 children)

and that's how he achieved 75% profit margin. Let's see him do that twice.

[–] rumba@lemmy.zip 11 points 1 day ago (1 children)

surprised he didn't golden parachute out and reload with another company/

[–] SaveTheTuaHawk@lemmy.ca 2 points 16 hours ago

Not hard to fire everyone and net a profit, once.