Comment on Erik Brynjolfsson says an AI "job apocalypse" is unlikelyparentComments−alephnerd19dWhat firms are going to do now is probe deeper and disinvest in crappy projects that most likely generated negative returnsWe've been doing this since 2022. Most layoffs overlap with Sales, Engineering, and Ops associated with cost centers.Like, there was no reason Uber had 3 internally competing and built chat apps with dozens of engineers allocated as headcount.much of the cash flows are coming from investments made yonks agoNot necessarily, but you can't train an old dog to do new tricks.−5gff319d"> much of the cash flows are coming from investments made yonks ago"Yes they are.The marginal ROIC for tech firms that are in mature growth is shit. Made shitter by continuing to field many people for no good reason.−alephnerd19dWhat is the timeframe you are using? To me "yonks ago" means 15-20 years ago.And marginal ROIC is just one metric amongst multiple to benchmark against.Also, if you had the Benoit [0] you should use your normal HN account instead of a throwaway created for this topic.[0] - https://m.youtube.com/watch?v=-XWgoJT1xPU
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We've been doing this since 2022. Most layoffs overlap with Sales, Engineering, and Ops associated with cost centers.
Like, there was no reason Uber had 3 internally competing and built chat apps with dozens of engineers allocated as headcount.
Not necessarily, but you can't train an old dog to do new tricks.
"> much of the cash flows are coming from investments made yonks ago"
Yes they are.
The marginal ROIC for tech firms that are in mature growth is shit. Made shitter by continuing to field many people for no good reason.
What is the timeframe you are using? To me "yonks ago" means 15-20 years ago.
And marginal ROIC is just one metric amongst multiple to benchmark against.
Also, if you had the Benoit [0] you should use your normal HN account instead of a throwaway created for this topic.
[0] - https://m.youtube.com/watch?v=-XWgoJT1xPU