$UBER just announced that it is cutting 23% of jobs in its "People" division that includes human resources, recruitment, workplace facilities and culture - Bloomberg
44% of every dollar companies spend on AI goes directly to fixing bugs that the AI itself created.
A report from Entelligence AI across 2,444 companies shows that for every $1 spent on AI tokens, $0.44 goes to bug fixes, $0.27 to rewriting AI-generated code, and $0.11 disappears into review and merge delays.
Companies spending $100,000 on AI tokens and only $18,000 worth is reaching production. The other $82,000 is overhead generated by the tool itself.
Lightrun's 2026 report found that 43% of all AI-generated code still requires manual debugging in production even after passing every quality test.
Not a single engineering leader surveyed said they were fully confident AI code would behave correctly once deployed.
Wall Street is pricing AI as a productivity tool and the data says 82% of the spend never reaches the actual product.
SOURCE: @Aiswarya_Sankar
Called a college friend this morning.
Investment banker. Settled in New York.
Wanted to discuss agentic AI, silent layoffs and the quiet restructuring already happening inside global firms. What happened next genuinely surprised me.
Phone petra pooka anesi pettesadu ๐๐ผ