Recently we saw Paytm making layoffs due to AI. Are there any other companies that did the same? People whose companies laid off people due to AI. What kind of automations made it possible? Is AI actually doing the work or is it just an excuse to lay off people?
Laying off due to AI has triple benefits. One actually layoff as planned to reduce burn rate, second show of your AI (non existing) capabilities and hope some VC take note, third get free marketing from BA pass journalists who want clickbait news.
This is done to please investors and shareholders. AI is just an excuse
duolingo layoff 10% of contractual employees. Paytm however probably lied about AI as employees tell.
Kahin bhi AI ghusana hai? Did you read about the RBI guideline that led Paytm to fire these people! Thoda news padh lo bhailog,would help
These are mostly text summarisation jobs, customer support, internal sales Engg folks etc. Once every company starts using copilot, the leadership will expect a 20% bump in productivity of people so things will move fast than regular
To all paytm folks and people having first hand knowledge of this matter: how true is the statement that the 1k layoffs are due to AI? or is it just a bs PR move to justify layoffs (like any other organisation)
100% bullshit 😆 AI is like an easy target to blame. Truth is - They have accumulated insane NPAs in low t...
There are news that massive layoffs are coming in Paytm. HR and Business Heads have been given targets - average 30% reduction expected across all teams. #bravenewworld
Poor timing !! Festive season, Christmas/new year and these layoffs. It's a remainder for everyone that compani...
Keep reading news of mass scale layoffs due to AI. Just curious to know. What are companies actually doing with AI? Which products have they built/building, which roles are being replaced, are there are functions or departments which hav...
Hi all wish u guys an awesome happy new year in advance. Sadly news aint coming good whats ur take on these layoffs i belive layoffs arent bcoz of ai but bcoz fintech bubble and pouring all money in ai chips .
