Companies That Tried to Save Money With AI Are Now Spending a Fortune Hiring People to Fix Its Mistakes
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no surprise
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Well what ends up happening is some company will have a CEO.
He'll make all the stupid decisions. But they're only stupid from everybody ELSES perspective.
From his perspective, he uses AI, tanks the companies future in the chase of large short term stock gains. Then he gives himself a huge bonus, leaves the company, gets hired somewhere else, and gets to say "See how that company is failing without me? That's because I bring value to the brand."
So he gets hired at the neeeext place, meanwhile that first company is failing because of the actions of a CEO no longer employed there, and whom bailed because he knew what was coming.
These actions aren't stupid. They're plotted corruption for the benefit of one.
No that never happens /S
I used to work with a supplier that hired a former Monsanto executive as their CEO. When his first agenda came out I told their sales team he was an idiot and to have fun looking for a new job a few months.
The CEO bailed after 2 years to start his own "consulting business."
1 year later the company lost 75% of their market share and was laying off people left and right. They are still afloat barely.
After a couple years "consulting", the CEO went to another company in 2023. He didn't bounce fast enough and got caught on this one. He was fired 2 weeks ago and the company shut their doors except for a handful of staff to facilitate the firesale of the companies assets.
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And no doubt struggling to blame their bad decisions on each other and preserve their salary bonuses.
Or just declare victory and move on to the next project quickly
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I can't think of any other options that don't end in the best case scenario of myself being elderly and destitute.
Fuck. Sorry to hear. Though that means all this ai bullshit won't drown you, since you are after actual knowledge and skill. And if this makes any difference, I for one wish your life to be as sparing as it can possibly get
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Very expected. It's fine. I'll come back at 10 times my previous rate. And you'll thank me for it. Fucking chads.
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AI as it exists today is only effective if used sparingly and cautiously by someone with domain knowledge who can identify the tasks (usually menial ones) that don't need a human touch.
Some good examples from the bookkeeping/accounting industry is automating the matching of payments to the invoices and using AI to extract and process invoices.
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Yet their reputations will somehow never return...
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And no doubt struggling to blame their bad decisions on each other and preserve their salary bonuses.
Nah all they have to say is "that is what the guy from the XYZ consultancy suggested. He told me that everyone is replacing their coding teams with %95 AI assistants and a single newly graduated programmer that works for food."
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I don’t know if it even helps with productivity that much. A lot of bosses think developers’ entire job is just churning out code when it’s actually like 50% coding and 50% listening to stakeholders, planning, collaborating with designers, etc. I mean, it’s fine for a quick Python script or whatever but that might save an experienced developer 20 minutes max.
And if you “write” me an email using Chat GPT and I just read a summary, what is the fucking point? All the nuance is lost. Specialized A.I. is great! I’m all for it combing through giant astronomy data sets or protein folding and stuff like that. But I don’t know that I’ve seen generative A.I. without a specific focus increase productivity very much.
It helps with translating. My job is basically double-checking the translation quality and people are essentially paying me for my assurance. Of course, I take responsibility for any mistakes.
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The even brighter side of it is that it should be easier to spot these companies when job hunting.
IMO: Demand higher wages and iron clad contracts from them because they already demonstrated how they feel about paying people.
They’ll surely cut anyone they can again as soon as they can.