784
A CEO told employees they won't get raises in 2026 because the budget is going to AI
(www.businessinsider.com)
this post was submitted on 04 Jun 2026
784 points (98.5% liked)
Technology
86682 readers
3284 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
To date, I have not heard a single CEO talk about where the money will come from if no one is employed.
How can consumers consume if they don't have any money?
that's for someone else to worry about.
Seriously if you talk to these people they live their lives financial quarter by quarter. there's no plan for 2+ years down the line, they can't think that far ahead. They're all like this. It's all about the now. make money now, release a product now, no future, no updates, now now now. This is why LLM's appeal so much to them, it can provide that "now" that they crave.
When there's a 20 million dollar golden parachute when fail why would you care about the next quarter...
Exactly! In 2008 there was guys just blindly driving off the cliff huffing pure copium and greed.
Because these drug and AI addled idiots refuse to or can't think more than a quarter ahead at a time. As there are no consequences for the executive caste, why should they?
That's what the rich dickhead bunkers in remote locations are for, my friend.
May as well asked who the slave owners sold to since so many in the South were enslaved.
The answer is the same. They sell to each other. We don’t get a cut. They dream of the day they actually get to have slaves again. Most of them don’t see us as people; they see us as things that siphon off money that needs to be in their pockets. Money we don’t deserve because we’re not rich.
Hell, they would be even happier to ignore the 'rabble' altogether. You at least had to keep the slaves vaguely alive.
There's a reason Larry Ellison said ""Citizens will be on their best behavior, because we’re constantly recording and reporting everything that is going on", they want to contain the "unwanted" and keep them from being a risk while excluding them from the 'economy' to the extent feasible
Apparently long as bots are buying from them they care. The goal is keep the stock in green Apparently they don't need consumers for that.
But what happens to the physical products that are taking up stock in warehouses?
Or are they just digitizing everything to the point where bots are buying shit to optimize their functions so they can buy more digitized product?
They would be happy to have a 'low volume, high value economy'. Only trinkets for them to trade among themselves at relatively high price, while they have no use for and therefore no interest in the bulk of the population. There is a reason they are very keen on surveillance and "law enforcement" because they think that might keep the rabble away from them cheaper than trying to appease the rabble.
That's future CEOs problem