Trying to hear what's not being said
October 2, 2024 Leave a comment
On the topic that new technologies (or AI, perhaps) will take away jobs….
Approximately 85% of employment growth in the last 80 years can be attributed to new technologies.
Today, nearly 60% of workers are engaged in jobs that did not exist in 194
source: The Labor Market Impacts of Technological Change: From Unbridled Enthusiasm to Qualified Optimism to Vast Uncertainty (David Autor, 2022).
October 28, 2022 Leave a comment
Why is Elon Musk saying that he may/will cut 5,600 of Twitter’s 7,500 (75%) workforce?
It is simple. Save costs because the company is too ‘fat’.
Because in the absence of a major shareholder or founding executive, public companies are often run with some largesse in attempts to increase productivity or roll out products so to increase revenue, in order to satisfy stock analysts and shareholders.
Musk is gonna trim some fat.
When companies are private, they are run leaner.
There are some conundrums though.
I don’t know why Meta (Facebook) has 72,000 employees nor why Spotify and Airbnb each have 6,000.
The former is cutting 15,000 jobs soon. Airbnb cut 25% or 1,900 employees in May 2020.
All three have majority or a founder as CEO, yet they have more employees than what I think is logical.
I bet if they were private companies, they would have a lot less headcount.
October 28, 2022
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 