Big tech jobs hit by AI

Hi Matt Turner. Insider Business Editor. Welcome to the Sunday edition of Insider Today. A roundup of top stories.

Today’s agenda:

But first: Why Big Tech has a new focus on efficiency

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tech jobs never come back

Big Tech loves the look of its new slim shape, and AI might help keep it that way.

Companies from Meta to Salesforce have cut jobs in recent months in the pursuit of efficiencies and profit margins. By some estimates, more than 250,000 tech workers have been laid off since early 2022.

This new-age efficiency appears to be working financially as well. Microsoft, Meta, Alphabet, and Salesforce all delivered credible Q1 results. And with the rise of AI, even if these companies regain growth, many of these jobs could be lost forever.

Morgan Stanley analysts recently highlighted the opportunity for big tech leaders to “create a structurally more efficient workforce” with the help of AI, reducing the need for software engineers and sales staff in the future. I was. This could slow or stop future headcount growth.

Amazon’s lesser-known Slack channels

There is a word-of-mouth Slack channel that Amazon employees use in their performance improvement plans. Most employees post anonymously. One of her ex-workers likened it to a virtual support group.

Screenshots of more than 20 messages viewed by Insiders include posts ranging from questions about post-Amazon insurance to pleas for help on how to address the anxiety the company’s performance review process has caused. is included.

Read the full report.

Also Read:

Whistleblower Documents: Jane Roberts

Jane Roberts, the spouse of Supreme Court Chief Justice John Roberts, made more than $10 million as a headhunter for a top-tier law firm between 2007 and 2014, according to internal documents included in the whistleblower’s complaint. earned a commission.

At least one of these companies filed a lawsuit before the Chief Justice of the Supreme Court after paying his wife hundreds of thousands of dollars.

Read our scoop here.

where solomon flies

Goldman Sachs insiders have long complained about CEO David Solomon’s personal use of the company’s private jets. Some people think it’s too flashy. Others have complained that he used the jet to promote his personal brand and sideline as a DJ.

Insider’s Dakin Campbell shows for the first time where jets have been flying since early 2022.

Click here for details of the survey.

Also Read:

Benioff vs. Benioff

In the second half of 2021, Salesforce seemed to be on track. But within 18 months everything changed. Benioff’s co-CEO steps down, Salesforce fails to hit internal sales targets, and activist investors step in. In his January of this year, the company announced plans to lay off his 10% of its workforce.

Insiders spoke with current and recent employees, as well as Benioff himself, to get an inside look at Salesforce’s turbulent times.

18 Challenging Months Inside Salesforce.

end of coding

Coding as a profession has long been considered a haven from the constant advancement of technology. Even when the new gizmos took over other jobs, the people who wrote the machine instructions felt out of control.

But behind closed doors, many coders admit growing unease about the sudden emergence of generative AI. People who have been automating fear that they will soon be. And if programmers are insecure, who is?

Why ChatGPT Is Coming For Coders.

Quote of the week:

“I don’t want a front row seat to see the world fall apart.”

— A former employee of OpenAI, ChatGPT’s parent company, told Insider in a new profile of CEO Sam Altman. Read full text.

Details for this week’s top story:

Curated by Matt Turner. Edited by Hallam Block and Lisa Ryan. contact: insidertoday@insider.com.