Oh and the bit where he claims AI efficiencies are the reason.
If I had to do this to a company I’d built I’d fire myself too. It’s an admission of a massive failure of leadership.
Their planning was terrible.
Their hiring was terrible.
They can’t think of any new projects to put these staff on.
It was not a management failure when construction companies had to lay people off during the GFC.
All the more reason to tax tech companies more to provide better welfare for the nation because we all know these business magnates are too greedy to care about other humans that aren't them.
Mining, farming, oil, solar, construction, child care, elder care, etc all have waxing and waning demand.
It’s completely detached from reality to think that once someone is hired for a job that the job will be around for 10+ years.
We'll see in time whether his company makes extraordinary gains to match his claims or whether he is just covering for his own incompetence.