To the editor: The greed and shortsightedness of company America is on full show as we examine Cisco slicing round 5% of its workforce (“LinkedIn, Cisco and Amazon are the newest tech corporations shedding extra staff,” Might 14), solely to show two pages to see Cisco’s finest day in almost 15 years lifting Wall Avenue to report highs (“Cisco leads Wall Avenue to extra data and the Dow again to 50,000,” Might 14).
AI is right here to remain, however the full erasure of the American employee goes to have dire penalties when this bubble bursts. How are folks going to spend cash with out jobs? How are shares going to rise with out people investing a portion of their now-nonexistent paychecks? Presently, it’s largely entry-level work that’s being changed. What occurs when the mid-level employee strikes up or retires? With out human staff who would have the ability to change that individual, that place turns into entry degree and the AI meals chain gobbles that up as nicely.
The reality is company America doesn’t care. For many years, it’s been clear these multinational conglomerates act as their very own sovereign nation states that can scour the Earth to bleed as many sources as attainable to fill their coffers.
However what occurs when there’s nothing left?
Joe Abousakher, West Hollywood
