CEOs are Finally Admitting that Robots are Taking Our Jobs

Workforce reductions are no longer an admission that companies are struggling; instead, CEOs are using them to boast about their investments in AI. CEOs are now bragging about shrinking their companies' staff, highlighting a cooling job market and an unwavering commitment to automation at all costs. Verizon CEO Hans Vestberg told investors last week that the telecom had been "very, very good" on headcount, meaning that "it's going down all the time."