Tech companies axe 34,000 jobs since start of year in pivot to AI (ft.com)

I feel bad for the illustrators of three-armed, seventeen-fingered mutants, document summarizers, and fact-hallucinating management consultants who've been replaced by AI this year.

If the layoffs are about "reskilling" as the article claims, does it reflect low confidence in the ability to retrain the existing workforce for the AI future?

AI is just the excuse, we all know the tech isn't mature enough to replace all but the most incompetent.

There is no serious work being done by AI.

This is pure conjecture (and probably the 2,897th such "article" this year carrying this empty premise).

The chart provided by the article even shows that this year's lay-offs have been significantly lower than last year's, when the AI train was running with less steam...