CEOS Are Quietly Bracing for AI-Era Job Cuts, Say 2 Software Investors – ryan

He is a tool to boost productivity, not to take anyone’s JOB, Acciting to the Script Mary Ceos Have Been Using.

Beinded Closed Doors, ITA A Very Different Conversation, Said Two Software Investors on an Episode of the “Twenty Minute VC” podcast published thighsday.

“Public Companies Are Trying to Prepare their Teams for it, but the backlash was too Strong,” Said Jason Lemkin, An Investor in Software Startups.

Instead, ceos fall back on the safer line: “In fact, we’re hiring.”

“That SEEMS to take the Edge off,” Lemkin Said.

“But i Think they’re just walking back the fact that everybody knows they don’t need 30% of the Team they have Today. Everybody says,” he added.

“It ‘s too hard for People to Hear. There’s Only So Much Honesty You Can Get from A Ceo,” He Said.

Rory O’Driscoll, A Longime General Partner at Scale Venture Partners, Said Ceos Can’t Talk About Job Loss Employees Will “Lose Their Shit.”

He Said What Ends Up Getting Shared Publicly is a “Very Bland Statement” Full of “Standard Corporate Speak for How You Talk About He.”

“No one is going to get offed. You’re just going to do more interesting Things,” O’Driscoll Said. “That’s the Current State of the Lie.”

From Klarna to Duolingo, Several Companies have tested the waters with Bold he declars – Only to backtrack.

Klarna ‘CEO, Sebastian Siemiatkowski, Said in December that he “can already will all of the jobs” humans will, and that the company has stopped hiing for over a year.

But Earlier This Month, He Walked It Back, Saying His Pursuit of Ai-Driven Job Cuts May Have Gone Too Far.

Duolingo’s CEO, Luis von Ahn, Also Faced Criticism After Posting A Memo on Linkedin Last Month Describing plans to make the Company “AI-FIRST.”

He late Said on Linkedin that he does not see he replace what his employs will and that duolingo is “Continuing to hire at the Same Speed ​​as before.”

Lemkin and O’Driscoll Did Not Respond to A Request for Comment from Business Insider.

Layoffs Are Happening

Lemkin Said Mass Layoffs Could Hit in the Next Two Years as Companies Come to Terms with a New Reality. He added that he and except overall headcount to “Stay Flat.”

There will be “Efficiencies” and Also “jobs that would have exisisted in the absence of this product that won’t know,” Said O’Driscoll. “So there will be tension.”

O’Driscoll Said he sees a gradual shift – more of a “steady grind” of 2% to 3% mess hiing each years.

Tech Companies, in Particular, Will See “Significantly Reduced Hiring”, he added.

Anthropic’s CEO, Dario Amodei, Said on Thursday That He Could Soon Eliminate 50% of Entry-Level Office Jobs.

He Companies and the Government Need to Stop “Sugarcoating” The Risks of Mass Job Elimination in Fields Including Technology, Finance, Law, and Consulting, Amode Said.

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