Damus

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nixCraft 🐧 profile picture
people might joke but this is where the it industry is headed and nobody is safe. it doesn't matter if you are good or bad, you are just another commodity. just look at how many engineering jobs were cut in the past 18 months. Oracle is now reporting it will cut 30k jobs. there is no regulation in place and by the time our politicians wake up there will be nothing left. once it was a thriving industry and now it is on the brink of collapse. the change is real whether you like it or not

nixCraft 🐧 · 3w
ASML firing 1700 people, mostly managers https://www.asml.com/en/news/press-releases/2026/strengthening-focus-on-engineering-and-innovation ( https://www.ed.nl/binnenland/asml-kondigt-1700-ontslagen-a...
nixCraft 🐧 profile picture
As suspected, the FT has now released detailed reporting. Despite the CEO claiming this is not related to AI or financial decisions citing 'cultural fit' instead the FT reports that Amazon is set to axe another 16,000 corporate jobs amid higher spending on AI. https://archive.ph/XO9Qo#selection-1581.81-1581.107 Oh, they are investing $10bn in OpenAI and $118bn in AWS data centre expansion and AI capex etc. At least be honest if you are firing people to fund your AI and investments in other AI companies. We are not fools
nixCraft 🐧 · 3w
ASML firing 1700 people, mostly managers https://www.asml.com/en/news/press-releases/2026/strengthening-focus-on-engineering-and-innovation ( https://www.ed.nl/binnenland/asml-kondigt-1700-ontslagen-a...
nixCraft 🐧 profile picture
if it is not a financial issue, then why fire so many people? LOL.

They changed their tone recently. Instead of telling the press AI has resulted in job loss, now they are saying those people were not "culturally" fit. They are doing this because AI is getting bad and negative press, and it bothers them when social media tags their CEOs and company handles, or reputed media shows how big tech is replacing tech workers with AI. So they changed the narration to keep stock UP! That is what I think