Why Microsoft’s layoffs shouldn’t increase your AI fears

The Street

Despite yet another round of tech layoffs, the fear around AI shouldn’t be augmented.

Transcript

00:00It looks like Microsoft is the latest tech company to cut jobs once again.

00:05We had Amazon warning that AI is going to shrink its workforce.

00:09They need to do more with less.

00:11What impact do you think AI will ultimately have on jobs?

00:16So I actually have a wonky thesis on what I think is going to happen with jobs.

00:21It's not going to be as disruptive as people think.

00:23I think the first wave is going to seem very disruptive

00:26because workforce is going to evolve in this AI future.

00:30So what do you have to do in that evolution?

00:32Remove the positions that aren't required for that future.

00:35So we're getting 4% layoffs today at Microsoft.

00:38You're seeing meta do layoffs.

00:39You're seeing Amazon CEO create that letter of like,

00:42there's going to be disruption, everyone be prepared.

00:45I think that's just the first wave.

00:46But in every revolution, there's been job expansion.

00:51Do you think Microsoft is going to have the same headcount in five years than they do today?

00:54I think the consensus is yes.

00:57It's just going to be a different kind of job in that process.

01:00So the first wave, 10% reduction probably, maybe 15% in the next two years.

01:05But once that happens, I think there's going to be a big back on new hires

01:07in the third and fourth wave.

01:09Hold on.

01:10When trying to loosen it, you're going to be like,

01:12take care of everything.

01:12Yeah.

01:14We're going to be working on that.

01:14So wait.

01:14And then go to that event

01:152014真的,

01:15we're going to date,

01:16and let's go to that event.

01:16Ok.

01:23Take care.

01:24Take care.

01:24Bye.

01:25Melissa.

01:26Goodbye.

01:26Bye.

01:26Going to��.

01:27I'm ready,

01:27Mom.

01:28I'm alright.

01:28Bye.

01:29Bye.

01:31Bye.

01:32Bye.

01:33Bye.

01:35Bye.

01:36Bye.

01:37OK.

01:38Bye.

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