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Eric Siu explains why most CEOs are planning major layoffs as they adopt AI. One $500M company is considering cutting 30-35% of its workforce, targeting non-technical and non-AI-native employees.
Eric Siu explains why most CEOs are planning major layoffs as they adopt AI. One $500M company is considering cutting 30-35% of its workforce, targeting non-technical and non-AI-native employees.
One of my friends, they do about, let's just say, $500 million a year or so. They know that the vast majority of their companies are not on top of AI. I will tell you, most CEOs right now, most founders, unfortunately, what I'm getting from a lot of text messages, I get one text message every single week. Just recently, this, this company doing $500 million a year, they're like, we're looking at making some pretty drastic cuts. I'm like, how many? What percent of people are you going to cut? Like, probably, you know, 30-35% or so. And these are non-technical people. So they're looking at the non-technical people, um, that aren't AI native, and they're going to be cutting.
