It’s not AI winter just yet, though there is a distinct chill in the air. Meta is shaking up and downsizing its artificial intelligence division. A new report out of MIT finds that 95 percent of companies’ generative AI programs have failed to earn any profit whatsoever. Tech stocks tanked Tuesday, regarding broader fears that […]
Meta is shaking up and downsizing its artificial intelligence division
Wasn’t it just a month or two ago that Zuc was poaching AI engineers with multi-million dollar sign on bonuses? These boom and bust cycles are happening at breakneck speed. Most efficient system btw
100%. Meta did the same thing with VR back in like 2021 iirc. they’ll hire everyone in sight so competitors can’t hire them. and then those workers will just sit on their hands playing candy crush all day doing zero work.
Former employees of tech giants including Meta and Salesforce say they were hired to sit around and essentially do nothing as companies embark on a course-correction and lay off extraneous workers during the current economic downturn.
Levy added: “It kind of seemed that Meta was hiring people so that other companies couldn’t have us.”
Not the point of this article but
Wasn’t it just a month or two ago that Zuc was poaching AI engineers with multi-million dollar sign on bonuses? These boom and bust cycles are happening at breakneck speed. Most efficient system btw
100%. Meta did the same thing with VR back in like 2021 iirc. they’ll hire everyone in sight so competitors can’t hire them. and then those workers will just sit on their hands playing candy crush all day doing zero work.
random link i found about it https://nypost.com/2023/04/07/workers-at-meta-salesforce-say-they-got-paid-to-do-nothing/
That bit about Bighead in Silicon Valley getting paid to do nothing wasn’t made up?