> GM just did this in the last 30 days [1], and their sales are likely going to be just fine. In fact the auto industry has repeatedly automated jobs over the last 100 years, and they still make decent sales numbers.

I worked at Verizon during their layoffs last year. Biggest layoffs in the USA.

As someone who’s been laid off before, I knew that it generally boosts the stock price.

I bought VZ because of that. It’s up 15% since the layoffs.

Microsoft, an AI stock, is down 30% in the same timeframe.