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The Trillion Dollar Smokescreen and why Replacing Engineers with Algorithms is a Structural Failure
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The Trillion Dollar Smokescreen and why Replacing Engineers with Algorithms is a Structural Failure

via Dev.toAli-Funk

The recent memo from Goldman Sachs detailing job cuts under the guise of an Artificial Intelligence push is not an isolated incident. It is the exact blueprint of the current tech market. We are watching executives confuse cost reduction with value creation. Over the past few years, the industry "overhired" massively. Now, Artificial Intelligence is being deployed as the ultimate corporate smokescreen to justify restructuring, leaving the actual tech workers to pay the heavy price. Let us be absolutely clear about the financial reality. Firing your engineers to fund algorithmic initiatives does not create new business value. It merely shifts capital from internal payroll directly into the pockets of a few select cloud providers and hardware giants. The workers lose their livelihoods, while the enterprise gains exactly zero competitive advantage. Most companies do not even possess the clean data infrastructure required to utilize these models effectively. They are buying the hype, but o

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