The business owners of America are desperate to believe that what is happening at Meta is a repeatable pattern. First, implement AI tracking and data aggregation on employees, then remove those employees as they begin to complain in favor of using the AI that was trained on the previously gathered data. It remains to be seen if this will actually be a viable way to continue moving a business forward, but this is the vision that has been sold by the AI prophets over the last few years, and there are a lot of very excitable executives extremely excited at the prospect that they can finally be free of unpredictable and demanding employees and only have to utilize automation systems labeled AI to do all the work that humans used to do.
It's the dream of sociopathic greedy billionaires everywhere. Too bad for them that it's a pipe dream.
Here's the harsh reality: AI doesn't work. You can spend days cajoling AI into doing something correctly and spend days reviewing the bad code over and over until it gets it right or you can spend days writing the code. On average, the time savings are minimal, and the cost in terms of code understanding is enormous, resulting in less and less maintainable code over time until you eventually end up having to throw the whole thing away and rewrite it from scratch at an enormous cost.
Mind you, Meta was probably at the point where their whole code base needed to be thrown away and rewritten from scratch at least five years ago, given the level of bugginess that I've seen, so maybe AI lets them extend the long tail of badly written code a bit longer before they completely implode, but that's hardly a position for other execs to aspire to.
Let's see how this pans out for Meta long-term as they continue down this path of what seems to be madness from the outside. If they have a bumpy few months, followed by great success, expect to start feeling that same dystopian view implemented in more businesses.
They won't. They'll have a bumpy few months followed by mass attrition from the complete destruction of employee morale, followed by panic when they realize that they don't have enough remaining employees to keep the lights on adequately, followed by even bigger panic when they realize qualified candidates aren't even bothering to apply for their open positions.
Nobody wants to work for a dying shell of a company that laid off a third of their workers over only a couple of years. As a company, if you're not innovating and growing, you're dying. Meta is dying. Their AI is basically worst-in-class at this point, and everything else is getting shoved aside to make more money for that latest boondoggle, because their execs don't know how to recognize a sunk cost fallacy.
It would take a literal miracle to save Meta from the death spiral that this will cause. If I owned Meta stock, I'd be selling in a hurry right now, or at least selling covered calls to buy protective puts to limit my losses. Stick a fork in it. They're done.