Amazon Makes Big Bucks, Sacks 16,000 | Aunindyo's Take E10

Описание: Big Tech's Job Cuts is about to destroy America's Middle Class. Thousands are highly paid management jobs are being cut by Big tech monopolies, even though they are making record profits. They are sacking people even when they are in no financial trouble at all.

Tech companies are getting rid of human beings and replacing them with AI. Those on the hitlist are reasonably senior managers, who earn between $200,000 and $750,000, placing them in the top 5% of individual earners and the top 10% of households in the USA.

The latest round of sackings will have a huge dampening impact on the US economy as these people account for a large chunk of America's GDP.

What Big Tech is doing could destroy not just the USA's economy, but capitalism itself.

00:00 - Big Tech has started a layoff carnage
00:59 - Layoffs despite record profits and market gains
01:44 - Big Tech is replacing humans with AI
02:18 - Who is on the AI hit list: well paid managers
03:36 - Sacked in the name of 'efficiency'
04:21 - Who are the Senior Managers on Amazon's Pink Slip Hitlist
06:53 - Economic impact: consumption and the wider fallout
09:01 - Could this be the end of Capitalism?
How the backbone of corporate org structures - the middle manager - is being replaced by AI:
   • Massive Middle Manager Layoffs Coming  | A...