AI Layoffs Trigger White-Collar Bloodbath Fears

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We got ourselves a white collar, blood bath, yeah, fears of AI. Yeah, employees at Metta. All of North American employees were being told tomorrow to stay home. Stay home. Everybody’s working from home tomorrow. Wow, I mean, it’s cold, quite frankly, because they’re going to be laying off 10 % of their workers.

Again, it’s kind of, okay, we’re gonna send you an email, we’ll let you know, okay, don’t come in the next day. 10 % of the workforce, that’s going to happen tomorrow. Accenture’s gonna lay off 11,000 people. Now, Accenture’s like McKinsey, these consulting firms that just, I don’t.

know, really the point is behind them. Quite frankly, I do know the point behind Accenture and McKinsey and these various different consulting firms is that it’s you you get really there’s a lot of really dumb CEOs that are out there. A lot of CEOs that don’t want to make difficult decisions make that hard choice out there. So they go and they hire consultants, consultants for like Accenture.

in McKinsey and they write reports, very expensive reports. And then the CEO goes along with these reports and that shit, that didn’t work out. Well, you blame McKinsey and then, you know, you don’t like them. Then you move over Accenture and you go back and forth. Then again, you know, it’s just able to basically push the blame onto somebody else. But anyway, yeah, I Accenture and McKinsey are starting to figure out that they can just have AI.

basically put together their put together their little slide decks and pitches and all that bullshit in a very short period of time. So again, they’ll be able to lay off 11,000 people and still charge moronic CEOs exorbitant about some money for their fees. So that’s probably going to be good for their stock price. It’s either that or maybe CEOs are getting smarter, are getting hip to the scam.

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that they’re running. Who knows? Also just got word that Standard Charter can be laying off thousands of workers bank as well. So story about AI today in the Wall Street Journal, the American rebellion against AI is gaining steam. This is fascinating. If you think, you know, you think Trump’s poll numbers are bad, you think Congress’s poll numbers are bad? Well,

AI. AI pulls worse than both Trump and Congress. I kid you not. People are, they’re not too happy about these things. And again, I don’t believe them. They have concerns about electricity prices. They have concerns about data centers being put right near their home.

what it’s gonna cost, what the water usage is gonna be, what the long-term effects are, and rightfully so. I don’t blame them. Bother me too. Again, they’re being pushed as, you’re like the same thing as like the climate change people. You know, all bent over, bent in a shape over nothing. Yeah. Again, I’m big on erring on the side of caution.

when it comes to this, again, the people are seeing it. The energy price jumps. Parents concern that gee whiz, what I was just doing is just undermining my kids’ education. I gave it anecdotal, but I know it’s happening all over the country. My brother’s a professor, no more. No more sending home, no more doing papers anymore.

You can’t, is he gonna keep track of trying to determine whether not the thing was bloody written by AI? Can’t do it anymore.

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And again, do I think that doing research and writing on your own and discovering your own voice is a valuable thing? Yeah, I do.

I happen to think that that’s Anyway, neither here nor there. More and more people, no data centers, going after their politicians. We don’t want to have that here. It’s coming. There’s nothing you’re really going to do to stop it. I just I kind of wish quite frankly that, you know, people understand

would understand a tool’s limitations and use it within those limitations. I get the productivity gains, that stuff is gonna happen. It happens with any type of technology that’s out there. We push things, and we’ve most certainly been doing this lately, we push things too far. We don’t think through what might happen. We look right away at what

next quarter’s earnings are going to be or what it’s going to put in my pocket over the short term rather than what it’s going to do to the country over the long term or the world over the long term which could then eventually will hurt your pockets and I could talk about this in terms of what has happened with social media to what we’ve done to education. You know no more books anymore kids here everybody’s gonna have an iPad. No good. No bueno.

didn’t think these things through. Curious to see where this lands. But yeah, I would continue to expect to see much more of the white collar bloodbath continue. Watchdog on wallstreet.com.