Klarna says its AI assistant does the work of 700 people after it laid off 700 people::undefined

    • mbp@lemmy.sdf.org
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      1 year ago

      Companies will time layoffs to get a better profit in the next couple months to report better quarterly or yearly earnings reports. How those earnings reports turn out directly affects the stock market performance, which in turn makes the shareholders significantly more money.

      This is most effective if somebody’s trying to pump the stock value before jumping ship in the most egregious cases.