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

  • ???@lemmy.worldBannedBanned from communityEnglish
    2·
    2 years ago

    I would really appreciate it if anyone could share some video or article or something that explains the relation between stocks and layoffs.

    • plz1@lemmy.worldEnglish
      7·
      2 years ago

      I don’t nave a citation, but in general, layoffs are usually used to cut costs. Spending less means more profits. More profits generally means the company looks better to the investors, and hence, better stock price.

      • ???@lemmy.worldBannedBanned from communityEnglish
        2·
        2 years ago

        Wish I understood what drives the yearly layoffs tide

        • Mango@lemmy.worldEnglish
          1·
          2 years ago

          “I decide what the tide will bring.”

          -Nami

          So basically it’s because of a fish girl.