Chartr Daily had this chart [0] back in 2023 and it shows how much the big tech firms grew from 2016 to 2022.

Some of the firms, Apple being the exception, doubled or even almost tripled in size.

I'm sure AI is partly to blame here but I think a lot of it is over hiring and firms just getting bogged down in bureaucracy and trying to clear things out.

0 - https://www.instagram.com/p/CnxN-Mayo3N/

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MeetingsBrowser 2 days ago | parent [-]

I don't think AI is even partially to blame. Unless Atlassian is claiming AI can fully replace 1,600 workers, layoffs don't make sense.

You need people driving AI to get the benefits.

Its like a courier service that uses horses firing people once cars are invented because cars are faster than horses. You would switch everyone from horses to cars and deliver more packages.

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NoPicklez 2 days ago | parent | next [-]

Well you might not, if your accessible market is 10 horses and 5 cars can fill that market need, then you're left with 5 people who aren't needed because your products don't meet the needs of 10 cars worth.

If your postal service services a population of a million people and it takes 1000 horses to do that easily, but it takes 500 cars, you don't have a need for those 500 extra people.

You can't deliver more packages if the packages aren't there to be delivered. Your product demand doesn't just magically scale up once supply meets it.

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sally_glance 2 days ago | parent | prev [-]

Good point, but what if you were previously chaining horse carriage rides and now a car can cover the same distance as 10 of them with a single driver?

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MeetingsBrowser 2 days ago | parent | next [-]

You can now deliver 10x the packages and make 10x money.

What healthy business aims to stagnate in the face of a revolutionary technology?

	▲	sally_glance 2 days ago \| parent [-]
		I don't know, maximum package turnover might be bounded and most likely you were previously not constrained by lack of drivers already... Sure you might try and expand but why would that work better than before? Especially assuming all other providers now also have cars.

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behehebd 2 days ago | parent | prev [-]

Good analogy but wrong number. Try 1.17x