Thread regarding Cisco Systems Inc. layoffs

@a5 it's a bubble... look back at the late 90s when the Internet was new. Everyone had to have a website and offer services no one wanted or needed. Companies spent huge amounts of money and startups were everywhere. Early 2000 it all blew up. The Internet evolved to be an integral part of daily life but the initial bubble popped. Something similar will happen here and the pop is probably not far off. 15 years from now AI will be very different from what it is today.

We've been through this. We spent the 90s shipping the dirty parts of manufacturing the China, and then we woke up one day in the 2010s to discover that China ate our entire manufacturing economy (including management). People freaked out because we didn't build anything anymore. We're doing the same with IT. In ten years people will start wondering why foreign countries control the implementation and operation of our IT.

They should learn how to code.

Modern technology CEOs act as medieval dukes and barons, ruling not through physical land but by controlling the essential job infrastructure that dictates the workers' survival. While historical lords never laid off their serfs because the peasants were simply worked to death, today's corporate rulers discard labor with clinical efficiency the moment profit margins shift. When modern tech oligarchs disconnect workers from these proprietary systems, today's serf discovers they cannot simply migrate to a new town and secure the same wages, as the entire interconnected ecosystem is inherently rigged against them.

This sh-t is unsustainable. We’re quickly moving to a tipping point, and the solution will be a political one. Tech CEOs are overplaying their hands to the detriment of everyone else. If history is any guide, this isn’t going to end well.