#ai

We all see the massive cost, lack of efficiency, and the lack of ROI.

AI is massively subsidized by companies burning money to prop it up. For every dollar we spend the AI company loses $3-8, SERIOUSLY LOOK IT UP! At some point they will need to turn a profit. If that was today it would mean increasing the cost 300-800%. The hope is making it more efficient, but can they really make it 300-800% more efficient in the near future? Open AI burns 100 BILLION DOLLARS a year, without making a dollar. Even if they make it 200% more efficient, they will still need to more than double the price to make any money.

With how leadership is "adopting" the AI future, AI won't replace jobs, the massive unstoppable loss will.

Anthropic and OpenAI are honey potting companies like BNY into building infrastructure supported by thier products and will lock us in to a massive bill we can't avoid.

If you care about longevity in your career or a stable and evolving strategy...stay away from Cigna. Not sure whose bright idea it was to have a group of fresh college kids and HIH create an AI slop fest of tech. Not to mention all the senior technologists are the ones who managed to create a cr-p show for us at express scripts.

Expect them to do what they did to a lot of us in esi.

Run. Run far and away

Typical smoke and mirrors.

https://www.wsj.com/business/earnings/ibm-posts-higher-first-quarter-sales-buoyed-by-ai-990f6a0a

Growing adoption of artificial-intelligence tools by businesses help boost the technology company’s quarterly results

By: Elias Schisgall |
Updated April 22, 2026 5:06 pm ET

IBM reported rising revenue and a higher profit in the first quarter, buoyed by the growing adoption of artificial-intelligence tools in businesses.

“AI continues to be a tailwind for our business,” IBM Chief Financial Officer Jim Kavanaugh said in an interview. “You see it play out in the results, as we captured demand for both technology and innovation around AI, but also services that help organizations orchestrate, deploy, govern, scale AI.”

The technology company on Wednesday reported a first-quarter profit of $1.22 billion, or $1.28 a share, compared with a profit of $1.06 billion, or $1.14 a share, a year earlier.

Stripping out certain one-time items, the company logged adjusted earnings of $1.91 a share, ahead of Wall Street’s expectation of $1.81 a share, according to FactSet.

Revenue rose to $15.92 billion from $14.54 billion a year prior, amounting to what Kavanaugh said was IBM’s highest first-quarter revenue growth in many years. Analysts surveyed by FactSet were expecting revenue of $15.63 billion.

IBM maintained its expectations of constant currency revenue growth of at least 5% this year, with free cash flow rising by around $1 billion.

Shares fell about 6.4% in late trading to $235.82. Through Wednesday’s close, the stock had lost nearly 15% this year.

Revenue in the company’s software segment rose to $7.05 billion, up 11%. Within that segment, hybrid cloud revenues, which includes the company’s Red Hat business, were up 13%, while automation revenue rose 10% and data revenue rose 19%.

Consulting revenue rose 4% to $5.27 billion, and infrastructure revenue was up 15% to $3.33 billion.

Free cash flow in the quarter was $2.2 billion, up around $300 million year over year. Analysts were expecting $2.04 billion.

IBM’s board of directors also increased the company’s quarterly dividend to $1.69 a share, up from $1.68.

The new payout, equal to $6.76 a year, represents a 2.6% annual yield based on IBM’s Tuesday closing price of $255.68.

The dividend is payable June 10 to shareholders of record as of May 8.

I’m about to get put on a “corrective action plan” over my AI sentiment score. Does anyone know what that even means? I don’t see anything on the Schweb about it. My accounts seem to like me a lot so getting put on a PIP over the AI giving me a bad score is really leaving me in a state of confusion

https://youtu.be/2oivxM6K4pw

Meanwhile I'm here, where they outsource more yearly and we have Project LLM (Project Literally Lose Millions) to accelerate slop to force us all to swim so slowly in garbage. Omg

Of course all the so-called news is shallow parroting of IBM or "churnalism" void of real analysis.

http://techrights.org/n/2026/04/22/IBM_s_Shares_Have_Just_Collapsed_Again_as_a_Result_of_the_Phony.shtml

AI isn't replacing us, not at this stage, anyway. I just read about a legal firm that filed a court case full of AI hallucinations. This is just a cover for offshoring and old-fashioned cuts while funneling money upward. Look, I'm not saying ignore AI. Learn it, experiment, see what it can do. Some jobs can be automated with deterministic algorithms. Scale helps. But announcing millions of jobs lost? That tells you everything about corporate greed and a broken economy, not some AI apocalypse.

Everything leadership tried failed, it’s the employee fault for not being efficient enough. AI, AI, AI. Saved you an hour.

#POLYMARKET: 📰 🔗 ( LinkedIn ).

🚨 BREAKING: #Verizon CEO Dan Schulman says US unemployment will hit up to 30% in the next two to five years due to AI. Here's why:

Dan Schulman, who took over as #Verizon CEO last October, told the Wall Street Journal that #unemployment at that scale is his genuine forecast — not a warning, a projection.

Currently on Polymarket there's an 82% chance tech #layoffs will be up in 2026 in comparison to 2025 (447,000 layoffs).

He said manual laborers will eventually be replaced by humanoid robots and called on other CEOs to stop hedging and tell employees the truth. A month into his tenure, Schulman backed his words with action: a $20M fund to retrain 13,000 workers whose jobs Verizon expects AI to eliminate. He called it the first corporate fund specifically designed to address AI displacement, and said he intends to push other companies and the public sector to build similar programs.

The macro picture behind Schulman's warning is already taking shape. BCG published a report projecting that 50 to 55 percent of all US jobs will be materially impacted by AI in the coming years, with up to 15 percent wiped out entirely. Snap just laid off 16% of its workforce and cited AI as the reason smaller teams can now do the same work. The pattern is the same across industries: fewer people, faster output, AI as the justification. Most CEOs are framing this as efficiency. Schulman is calling it what it is. #ai #verizon #jobs 🔗 🤖

https://www.linkedin.com/posts/ai-verizon-jobs-share-7452083223234281472-Ukfo?u

There were more layoffs in the Data and AI org in TPX yesterday. Unsure how many total were laid off but it was more than just the higher ups they said in the email.

heard no rumours yet. still, all the public announcements made on the investor day last month seem pointing to layoffs for HQ thanks to f@#king AI. Need to lawyer up now?

Be sure to use your Co-Pilot (or other AI tools) at least a few times a day. This is being monitored, measured, and reported directly to your manager. This could be another way to decide who stays and who goes. Source: one of my friends who works on UHC side… their manager actually showed them this report.

Is anyone else being told to train their AI replacement?

Working for a large tech company isn't the job utopia it once was. In addition to worrying about layoffs and the constant threat of AI, Meta workers will soon have all their mouse movements, clicks, and keystrokes logged by the company. What's likely to further annoy workers is the purpose for these keyloggers: to train Meta's AI agents so they can perform work tasks.

https://www.techspot.com/news/112143-meta-record-employee-screens-clicks-keystrokes-train-ai.html

While the media fawns over Michael Dell hitting the $1B mark in "donations" to UT Austin, let’s look at the predatory math behind the headlines. This isn’t a gift to the public; it’s a masterclass in how billionaires use the Trump-era tax code to privatize our social policy.
Dell isn't donating "hard-earned cash." He’s offloading highly appreciated stock to his own private foundation to wipe out his tax liability. Every dollar he "saves" in taxes is a dollar stolen from the public treasury—money that should have funded basic community clinics and rural hospitals. Instead, it’s being funneled into high-tech "AI medical hubs" that serve as high-interest monuments to his corporate interests.
The "20-year promise" of his child investment accounts is even more insulting. He’s promising a few thousand dollars for a child in 2045, paid for by the massive tax breaks he gets today. Meanwhile, those same parents are drowning in healthcare costs. Family premiums have jumped nearly 50% in a decade, and high-tech centers like Dell’s only drive those costs higher by forcing an "innovation arms race" that hospitals pay for by hiking your rates.
We are literally subsidizing billionaire legacies with our own medical debt. This is the endgame of extreme neoliberalism: a world where the 0.1% decides who gets to survive based on which social problems look best on a building. We don’t need more billionaire "favors"; we need a tax system that doesn't treat the middle class like a piggy bank for the elite.

LET’S GOOOOOOOOO!!!!!

https://www.businessinsider.com/amazon-employees-layoffs-artificial-intelligence-return-to-office-tech-jobs-2026-4

They sell us tones of BS.
AI. AI. AI. …..

Several companies are announcing workforce reductions, citing artificial intelligence as a key factor. One report indicated AI was a factor in 8% of recent job cut plans. Some industry leaders question if this is always genuine or "AI washing." Despite cuts, some companies may rehire for new AI-related roles. This trend highlights AI's evolving impact on employment across various sectors.

https://www.businessinsider.com/list-companies-replacing-human-employees-with-ai-layoffs-workforce-reductions

https://www.msn.com/en-us/money/companies/10-companies-that-have-said-they-re-doing-ai-related-layoffs/ss-AA1RkQw8?ocid=msedgntp&pc=W099&cvid=b911c00093144e51d3f86416ea22c999&ei=37#image=7

Binance co-chief executive Yi He announced no significant layoffs are planned. This stance differs from many tech firms cutting jobs. Binance instead prioritizes new hires and global expansion. The company aims to reach three billion users worldwide. Yi He views AI as a productivity enhancer, not a job replacer.

https://stocktwits.com/news-articles/markets/cryptocurrency/binance-ceo-says-no-large-scale-layoffs-planned-amid-ai-job-cuts/cZBdgYuRIzB

If Qualcomm is an AI company as the management claims, how come we did not close any meaningful AI deal?

The record keeping, filing, personnel data correlation yada yada….is nowhere near technically complicated as a majority of roles. If AI can’t manage that, then you can forget it being able to handle anything more than that.

So, start there. Let HR go and let AI run with it. I mean what do they do anyway other than ignore your question and never get back with you. Why pay someone to do that when you can have AI do that as well for no pay.

So you have to layoff, great, awesome whatever….start with HR. Let that role be your AI proving ground.

Thoughts on Zensar ? Or should i just go ask AI

Wall Street Journal: 4/19/2026 #WSJ 📰

Verizon’s Dan Schulman is all in on AI, but he warns that it is time for business leaders to acknowledge its disruptive potential.

For a big-company CEO with big AI ambitions, Verizon's [vz0.24% v
Dan Schulman doesn't pull punches about the pain the technology could unleash on America's workforce.
Just months into the job, he has predicted 20% to 30% unemployment within the next two to five years. He warns that advancements in humanoid robots could upend the manual-labor jobs still seen as safe today. And he has pushed for more education and reskilling to help workers adapt to the intensifying tech disruption.
Couched in the blunt AT talk is a warning for other CEOs: Be candid about the coming disruption, or risk a public backlash. “It’s a very difficult time, and everyone knows it is,” Schulman said in an interview with The Wall Street Journal. “So I think being authentic, being realistic, telling the truth, as best you can” is key. That belief, he said, is why Verizon created a $20 million career-transition and retraining fund for the “age of AI” when the company began laying off 13,000 workers last year.
Schulman's big picture has also included sweeping job cuts. The 13,000 #layoffs he announced shortly after his appointment
as CEO in October were Verizon's largest ever —but necessary to make Verizon more efficient, he said. Altogether, he is seeking to cut $9 billion in costs. Verizon has said its #layoffs weren't related to AI.
The carrier was "too hierarchical, way too bureaucratic, way too process-oriented as opposed to outcomes-oriented," Schulman told investors at a Morgan Stanley (M5100% ) event last month.
In meetings, he has repeatedly told Verizon staff they must embrace AI, describing it as core to the company's future. He used it himself to comb through some He used it himself to comb through some 8,000 responses after asking employees how he could reduce bureaucracy, he said.
Schulman's embrace of Al goes deeper than cost-cutting. He envisions a company wholly reshaped by the technology, from improved customer service to more personalized options for
consumers.
And he has encouraged staffers to talk to their children about Al at the dinner
table. In one all-hands, Schulman recommended that staff ask Al to write their obituary to see how the technology works and how it frames their lives. He
has also invited staffers to experiment with AI by writing poems to their loved ones. (He said he has done the same for his wife.)
Some employees responded by using Al to write poems for Schulman-and they weren't bad, he said. ~
https://www.wsj.com/tech/ai/the-ceo-preaching-straight-talk-about-ai-and-job-losses-a3aaaaf1?

• Global tech layoffs have topped 80,000 in the last four months, and Tennessee has been affected despite its push to grow as a tech hub.
• Nashville workers were caught in major cuts, including Oracle’s 25,000 layoffs in March tied to AI infrastructure investment and Amazon’s 16,000 layoffs in January after earlier reductions.
• Experts say AI is not only driving workforce reductions but could also put downward pressure on pay for some tech roles.
  https://www.tennessean.com/story/money/tech/2026/04/20/tech-layoffs-tennessee-workforce-ai/89610365007

To Project LLM

Literally Losing Millions

Fiserv CIO doesn't use nor understand AI properly even as a fintech and throw an LLM at everything even in finance. So I think the name makes sense. hbu?

The Wall Street Journal

For a big-company CEO with big AI ambitions, Verizon’s Dan Schulman doesn’t pull punches about the pain the technology could unleash on America’s workforce.

https://on.wsj.com/4cwXDPw

Just months into the job, he has predicted 20% to 30% unemployment within the next two to five years. He warns that advancements in humanoid robots could upend the manual-labor jobs still seen as safe today. And he has pushed for more education and reskilling to help workers adapt to the intensifying tech disruption.

Couched in the blunt AI talk is a warning for other CEOs: Be candid about the coming disruption or risk a public backlash.

BNY employees increasingly describe changes that align with the AI‑driven cost‑reduction strategies McKinsey promotes to large financial institutions.

The most visible shift we see is the steady automation of repetitive, rules‑based work that RV brags about in the media — onboarding, KYC refresh, reconciliations, service requests, and exception routing. Employees report that tasks once handled by full teams are now processed through AI‑enabled workflows, reducing the need for manual roles and shrinking job families.

Decision‑support AI is also reshaping middle‑skill positions. Workers note fewer analyst roles, broader spans of control, and more “AI‑assisted” oversight, which mirrors McKinsey’s recommendation to streamline mid‑tier functions by embedding intelligence into platforms rather than people.

The Platform Operating Model (P-O-M) accelerates this transition. Employees describe work being standardized, centralized, and moved offshore once AI reduces the skill threshold required. This matches McKinsey’s model: automate first, relocate second.

The impact on employees is becoming clearer. Career paths in legacy operations, service, and processing roles are narrowing as automation absorbs institutional knowledge and reduces the value of tenure. Job security is declining in functions where work can be digitized, offshored, or both. New roles are emerging in AI governance, data quality, and exception management — but not in volumes that offset reductions.

Employee reports consistently reflect the same conclusion: AI is not just a tool at BNY; it is a restructuring engine.

Morrisons plans to cut approximately 200 roles at its Bradford head office. These reductions will affect positions across marketing, commercial, and technical teams. The layoffs are part of a multi-year transformation strategy. This initiative focuses on accelerating AI adoption and automation within the business. Morrisons aims to strengthen central functions and improve efficiency in challenging market conditions.

Bradford, UK

https://www.thestreet.com/employment/127-year-old-retailer-confirms-more-cuts-in-2026-morrisons

A new study from the Federal Reserve Bank of New York indicates AI will reshape jobs rather than eliminate them immediately. The report suggests AI will augment more roles than it replaces in the near term. White-collar occupations, including finance and technology, are most exposed to AI tools. This technology is expected to boost productivity without a proportional increase in hiring. However, long-term effects on employment and wages remain uncertain.

New York, NY

https://www.thestreet.com/employment/ai-wont-trigger-mass-layoffs-yet-fed-study-says

Technology companies globally laid off over 80,000 employees recently. These job cuts also impacted workers in Tennessee. Nashville-based Oracle Corp. engineers were among 25,000 company layoffs. This restructuring aims to invest in artificial intelligence infrastructure. Amazon also laid off 16,000 workers, including some in Nashville.

Nashville, Tennessee

https://www.tennessean.com/story/money/tech/2026/04/20/tech-layoffs-tennessee-workforce-ai/89610365007/

Starting the 26 lay-off thread
Rumours they're coming in the next few months.. more operational efficiency/do more with less (more with AI)

Companies are laying off workers after adopting artificial intelligence. This trend is known as "AI boomerangs." These same companies later rehire staff. Leaders reassess AI capabilities and limitations. Robert Half expert Travis Laird discussed this phenomenon.

https://www.azfamily.com/video/2026/04/16/ai-boomerang-hiring-trend-why-companies-rehire-after-ai-layoffs-generation-ai/

Phoenix, AZ

Dear Team,

Today we are announcing changes that will impact approximately 1,000 team members at Snap, including 16% of our full time employees, in addition to closing more than 300 open roles. This is an incredibly difficult decision, and I am deeply sorry to the colleagues who will be leaving us. You have made important contributions to Snap, and we are committed to supporting you through this transition.

Last fall, I described Snap as facing a crucible moment, requiring a new way of working that is faster and more efficient, while pivoting towards profitable growth. Over the past several months, we have carefully reviewed the work required to best serve our community and partners, and made tough choices to prioritize the investments we believe are most likely to create long-term value. As a result of these changes, we expect to reduce our annualized cost base by more than $500 million by the second half of 2026, helping to establish a clearer path to net-income profitability.

While these changes are necessary to realize Snap’s long-term potential, we believe that rapid advancements in artificial intelligence enable our teams to reduce repetitive work, increase velocity, and better support our community, partners, and advertisers. We have already witnessed small squads leveraging AI tools to drive meaningful progress across several important initiatives, including Snapchat+, enhanced ad platform performance, and efficiency improvements in our Snap Lite infrastructure.

If you are part of our North America team, please work from home today. In the US, impacted team members will receive an email notification within the next hour, including information about next steps. For non-US locations, you will receive additional details about next steps from leadership and HR.

To our departing colleagues: thank you. Your hard work has helped shape Snap, and we are deeply grateful for your contributions. For U.S.-based team members who are leaving, we will provide four months of severance, healthcare coverage, and equity vesting, along with career transition support. Outside the U.S., we will follow local processes and seek to provide comparable support aligned with local norms.

To everyone continuing on this journey: change of this magnitude and at this speed is never easy and it will not be seamless. Thank you for your resilience, compassion, and commitment to one another, and to the community and partners we serve. Our responsibility is to move forward with clarity, empathy, and determination as we build a faster, stronger, and more durable Snap for the long term.

Evan

Ninety-five jobs were eliminated by Snap. These cuts occurred in Washington state. The company implemented broader layoffs. Snap seeks to increase automation. This strategy emphasizes AI-driven operational efficiency.

https://letsdatascience.com/news/snap-cuts-95-washington-state-jobs-for-ai-efficiency-72fad0d2

Anyone have any insight into ECS and layoffs? It’s been really weird with such little work available. Is AI being used covertly?