GeneralBearishFortune Crypto · 3h ago7/10
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CEOs blame AI for layoffs, but an MIT professor says it fits a long-running pattern to find a cover story. ‘They’ve been saying that for 20 years’
An MIT professor challenges the narrative that AI is driving recent corporate layoffs, arguing that companies like Wix, Snap, and Block are using artificial intelligence as a convenient cover story for cost-cutting decisions that reflect a two-decade pattern of finding external justifications for workforce reductions.
