reuters.com
www.reuters.com
  • neidu4@piefed.socialEnglish
    20·
    15 days ago

    An alternate read would be: freeing cash to pour into AI. Something something eggs and baskets… either way, they’re fucked.

    • kbobabob@lemmy.dbzer0.com
      6·
      15 days ago

      Maybe I’m missing something but how is buying out 60,000 jobs freeing up money? That seems like a huge amount of money.

      • CannonFodder@lemmy.world
        8·
        15 days ago

        Because it comes out of one-time capital and reduces ongoing liability. Stupid, I know, but the accountants say it good.

      • ImWaitingForRetcons@lemmy.world
        3·
        15 days ago

        I suspect it would be something like: massive layoffs -> stock prices rise -> issue new stock -> waste on AI -> rehire new staff at lower wages -> rinse and repeat

    • halcyoncmdr@piefed.socialEnglish
      3·
      15 days ago

      Freeing cash to pay for the debt they’ve already accumulated from AI expenditures which will never be profitable.