[albatross79]

Investors and share holders want to hear that you're an "AI" company now. That implies some kind of transformation so a ritual needs to be performed. Transformations and rituals are right up "jack"'s alley, so in this case, and unfortunately for employees, it dovetails perfectly.

Notice growth is still purportedly the priority, but if it was just about growth and AI was a growth driver they wouldn't need to cut half the company, it would just be growing. It's the transformation ritual that matters. That's what gets investor's attention. You cut thousands of jobs and announce its because of AI, congratulations you're a hot new AI company. Now the hiring can start. Faang has the same number of employees as they did before the cuts started.

[otabdeveloper4]

Isn't "Block" the company with a bunch of half-baked crypto investments?

Methinks "AI" is only a figleaf here.