As technology develops, major tech companies have shifted their focus to efficiency. To stay competitive, they have gone through measures such as cutting jobs and adopting artificial intelligence (AI). This shift has proven to be successful for Microsoft, Meta, Alphabet and Salesforce, who have reported strong results for the first quarter of the year.
With AI, tech firms have found an opportunity to create a workload that is more efficient and cost-effective. This could lead to fewer jobs in the technology space in the future. Amazon, for example, has a performance improvement plan at work that, as one former employee describes it, has become a virtual support group for its workers.
On the same note, Jane Roberts (the spouse of Supreme Court Chief Justice John Roberts) has made $10 million in commissions as a headhunter for top-tier law firms between 2007 and 2014, which some criticize as unethical.
Meanwhile, Goldman Sachs’ CEO, David Solomon, has made news recently by making extensive use of their company’s private jets. Not only generating financial increase but also personal promotion that has caused some concern.
Similarly, Salesforce has had a trail of trouble in the past 18 months, from the resignation of its co-CEO and missing internal sales goals to community backlash surrounding the announcement of plans to lay off 10% of its workforce. Insider recently got an inside look about the difficult transition.
Coding has, until now, maintained a somewhat inextinguishable status when it come to automation taking over jobs. Originating as a safe haven, the world of computer science has become another victim of the rise of AI. With coders’ jobs becoming automated, the biggest question is who will be next?
This week’s scoop featured OpenAI’s CEO, Sam Altman. Something that stood out was the former employee of OpenAI commentating the feeling of not wanting “a front-row seat to watch the world implode.” All this taking into account and with the stringent measures adopted by Big Tech, it is no wonder that this has been called as “the year of efficiency.”
