Monday, July 22, 2024

Intuit's CEO Just Said AI Is the Reason He's Laying Off 1,800 Employees. - Jason Aten, Inc.

The latest example comes from Intuit's CEO, Sasan Goodarzi, who announced the company would lay off around 1,800 employees, or 10 percent of its workforce. As I've shared many times, the era of AI is one of the most significant technology shifts of our lifetime. This is truly an extraordinary time -- AI is igniting global innovation at an incredible pace, transforming every industry and company in ways that were unimaginable just a few years ago. Companies that aren't prepared to take advantage of this AI revolution will fall behind and, over time, will no longer exist. In fact, Goodarzi goes on to explain that, while he's laying off 1,800 people, the company plans to hire that same number of employees "primarily in engineering, product, and customer-facing roles such as sales, customer success, and marketing." With the inclusion of "engineering," the implication is pretty clear. 

https://www.inc.com/jason-aten/intuits-ceo-just-said-ai-is-reason-hes-laying-off-1800-employees-his-memo-is-worst-ive-seen-yet.html

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