Sanrith Descartes
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Investing General Discussion
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Sanrith Descartes
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Haus
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“AI flattens our hiring curve”: CrowdStrike CEO justifies 500 layoffs as strategic shift | CTech
George Kurtz says layoffs are necessary to scale efficiently and lead in AI-driven cybersecurity.
CEO of CRWD : "AI flattens our hiring curve"...
Market : Let us help flatten some other things for you....
Reality, get ready to see this more and more companies will try to cloak layoffs in "Improvements from implementing AI" and hope because they mention the magic bingo buzz word of the year the market will reward them.
In related news, CRWD also says layoffs are part of an attempt to increase ARR , apparently having no idea of how ARR is calculated v. EPS.... Or the difference between "revenue" and "earnings" in general...
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Asshat Foler
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Gonna disagree with you here. Just saw some PEs at my company yesterday release a proof of concept using our internal AI tools to I quote “do what an intern can in one summer”.“AI flattens our hiring curve”: CrowdStrike CEO justifies 500 layoffs as strategic shift | CTech
George Kurtz says layoffs are necessary to scale efficiently and lead in AI-driven cybersecurity.www.calcalistech.com
CEO of CRWD : "AI flattens our hiring curve"...
Market : Let us help flatten some other things for you....
Reality, get ready to see this more and more companies will try to cloak layoffs in "Improvements from implementing AI" and hope because they mention the magic bingo buzz word of the year the market will reward them.
In related news, CRWD also says layoffs are part of an attempt to increase ARR , apparently having no idea of how ARR is calculated v. EPS.... Or the difference between "revenue" and "earnings" in general...
Only those of us in tech companies that have access to some of the best LLMs and money to blow on internal tooling are seeing this now. It’s going to catch a ton of people off guard who are outside this group.
Jysin
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06:00 *(US) Reportedly federal human resources agency at the heart of Musk's DOGE efforts to slash the federal workforce is poised to roll out software to speed layoffs across the US govt; Program could "turbo-charge" mass layoffs - press
- The software could turbo-charge the rapid-fire effort to downsize the government at a time when a number of larger federal agencies are preparing to execute plans for mass layoffs of tens of thousands of workers.
- The software is an updated version of a decades-old Pentagon program, known as AutoRIF, that had been little used in recent years.
- Currently, most federal RIFs are done manually - with HR employees poring over spreadsheets containing data on employee seniority, veteran status and performance
- The software could turbo-charge the rapid-fire effort to downsize the government at a time when a number of larger federal agencies are preparing to execute plans for mass layoffs of tens of thousands of workers.
- The software is an updated version of a decades-old Pentagon program, known as AutoRIF, that had been little used in recent years.
- Currently, most federal RIFs are done manually - with HR employees poring over spreadsheets containing data on employee seniority, veteran status and performance
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Kirun
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So, that'll be who is at the riots this summer? All the unemployed feds?06:00 *(US) Reportedly federal human resources agency at the heart of Musk's DOGE efforts to slash the federal workforce is poised to roll out software to speed layoffs across the US govt; Program could "turbo-charge" mass layoffs - press
- The software could turbo-charge the rapid-fire effort to downsize the government at a time when a number of larger federal agencies are preparing to execute plans for mass layoffs of tens of thousands of workers.
- The software is an updated version of a decades-old Pentagon program, known as AutoRIF, that had been little used in recent years.
- Currently, most federal RIFs are done manually - with HR employees poring over spreadsheets containing data on employee seniority, veteran status and performance
Haus
I am Big Balls!
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I don't see how that's really disagreeing. We're both seeing aspects of the "AI is coming for her jerbs" effect. With CRWD apparently it's AI taking over non-customer facing roles internally. AI over the next 5 years will becomes a downward pressure on job availability because it's going to do to knowledge workers (And some supposedly "creative" workers like corporate graphic designers) what robotics did to factory workers.
A big part of my job is selling automation into companies, so I have been having the "this will save you FTEs" talk for years now, this is an advanced version of that with the difference being automation solves deterministic problems, and AI leans into probabilistic problems. And in doing this I have seen two types of executives, "This will let my tier 1 people becomes tier 2 or 3 workers because we're removing that busywork and nonsense" and "This will be like like a virtual Indian call center allowing me to "outsource" to automation/AI and reduce headcount". In the long term I know corporate greed will always win out and it will end up reducing staff sizes.
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Sanrith Descartes
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"Manually". What a fucking shit show.06:00 *(US) Reportedly federal human resources agency at the heart of Musk's DOGE efforts to slash the federal workforce is poised to roll out software to speed layoffs across the US govt; Program could "turbo-charge" mass layoffs - press
- The software could turbo-charge the rapid-fire effort to downsize the government at a time when a number of larger federal agencies are preparing to execute plans for mass layoffs of tens of thousands of workers.
- The software is an updated version of a decades-old Pentagon program, known as AutoRIF, that had been little used in recent years.
- Currently, most federal RIFs are done manually - with HR employees poring over spreadsheets containing data on employee seniority, veteran status and performance
Asshat Foler
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Sanrith Descartes
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Anyone investing in electric grid infrastructure? Any pointers? I have a bit of Siemens Energy AG (ETR: ENR) and American Electric Power (
NASDAQ: AEP). Was thinking of trading some Amazon for others similar to these. But Amazon could go up as more tariff deals are made, I guess. Thoughts?
NASDAQ: AEP). Was thinking of trading some Amazon for others similar to these. But Amazon could go up as more tariff deals are made, I guess. Thoughts?
tugofpeace
Pronouns: zie/zhem/zer
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06:00 *(US) Reportedly federal human resources agency at the heart of Musk's DOGE efforts to slash the federal workforce is poised to roll out software to speed layoffs across the US govt; Program could "turbo-charge" mass layoffs - press
- The software could turbo-charge the rapid-fire effort to downsize the government at a time when a number of larger federal agencies are preparing to execute plans for mass layoffs of tens of thousands of workers.
- The software is an updated version of a decades-old Pentagon program, known as AutoRIF, that had been little used in recent years.
- Currently, most federal RIFs are done manually - with HR employees poring over spreadsheets containing data on employee seniority, veteran status and performance
Program name is "AutoRIF"
lmfao
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Sanrith Descartes
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Gravel
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I wonder what it's going to take to get us past that March level again.
Sanrith Descartes
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