Short spoken segment arguing that companies are using ‘AI’ as a pretext for layoffs (a distraction), while the real drivers are overhiring and changing growth curves. The speaker recommends that private equity owners be flexible, deliberate, and patient—allowing multi-month debates before making workforce decisions.
What's happening is you see a lot of larger companies that are cutting back on employees and they're announcing layoffs but they're doing it under the guise of AI and so I think AI is just a filter. It's a go look over here while I'm doing this over here. And I think that's really what we're seeing is that people just have maybe overhired in the past. And so as a PE company, you really have to be flexible and agile as you see your business go through different growth curves. So I think it's probably a little bit better to put some wrappers in terms of what we think this could be. This could be. Then have the debate and debate it as long as you can. And that debate can take two or three months. You can start the debate in November and you can finish it sometime in December or January. Some people just don't have the patience to go through that. So it just depends on the company.
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