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I genuinely thought this was going to be satire, based on just the headline... then I clicked and read the first paragraph, and STILL thought it was satire.

Then I saw the link to the earnings release and figured out it's real. Where else but tech is "things are great and we're firing 10% of our workforce" a normal announcement?

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>Where else but tech is "things are great and we're firing 10% of our workforce" a normal announcement?

I mean putting it in the guise of "AI" (does anyone actually trust AI to replace anyone except the most low level customer service at this point?) lets them have an excuse that doesn't look bad economically, and doing mass layoffs lets them dump a lot of dead weight that they would have trouble doing one by one without performance plans, worrying about lawsuits, etc.

> Where else but tech is "things are great and we're firing 10% of our workforce" a normal announcement?

It’s a thing: https://en.wikipedia.org/wiki/Vitality_curve

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