Ever get laid off? Yep it sucks. Tech and other are acclerating the layoffs this year, claiming to be replacing humans with AI. Here's some strategies for protecting your job in the era. Pls like and subscribe if this resonates.
https://t.co/wT97LHohiD
Cisco's stock jumps 14% after hrs fueled by stronger than expected earnings. Stock has almost doubled since I was laid off 18 months ago and they've embraced AI. I put on my old journalist hat to investigate and here's what I found. https://t.co/vwPRYKwIQx
Apple has just published a paper with a devastating title: *The Illusion of Thinking*. And it's not a metaphor. What it demonstrates is that the AI models we use every day - yes, ones like ChatGPT - don't think. Not one bit. They just imitate doing so.
Let me explain: 🧵
Two economists just published a mathematical proof that AI will destroy the economy.
Not might. Not could. Will — if nothing changes.
The paper is called "The AI Layoff Trap." Published March 2, 2026. Wharton School, University of Pennsylvania. Boston University. Peer reviewed. Mathematically modeled.
The conclusion is one sentence.
"At the limit, firms automate their way to boundless productivity and zero demand."
An economy that produces everything. And sells it to nobody.
Here is how you get there.
A company fires 500 workers and replaces them with AI. A competitor fires 700 to keep up. Another fires 1,000. Every company is behaving rationally. Every company is following the incentives correctly. And every company is building a trap for itself.
Because the workers who were fired were also customers.
When they lose their jobs faster than the economy can absorb them, they stop spending. Consumer demand falls. Companies respond by cutting costs — which means automating more workers — which means less spending — which means more falling demand — which means more automation.
The loop has no natural exit.
The researchers tested every proposed solution. Universal basic income. Capital income taxes. Worker equity participation. Upskilling programs. Corporate coordination agreements.
Every single one failed in the model.
The only intervention that worked: a Pigouvian automation tax — a per-task levy charged every time a company replaces a human with AI, forcing them to price in the demand they are destroying before they pull the trigger.
No government has implemented this. No major economy is seriously discussing it.
Meanwhile the numbers are already tracking the curve. 100,000 tech workers laid off in 2025. 92,000 more in the first months of 2026. Jack Dorsey fired half of Block's workforce and said publicly: "Within the next year, the majority of companies will reach the same conclusion."
Nobody is doing anything wrong. Companies are following their incentives perfectly. That is exactly the problem.
Rational behavior. At scale. Simultaneously. With no mechanism to stop it.
Two economists built the math. The math leads to one place.
Source: Falk & Tsoukalas · Wharton School + Boston University ·
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My story: how this old dog changed his spots and saved his career at 38. Anyone who has been told they don't fit in or can't cut it and fought back can relate.
https://t.co/ncOo2nHlN5
A letter to my son following his wedding a little over a week ago. As I'm rereading it, I realize these ideas are timeless and go beyond newlyweds. What will you say to your son/daughter when they start a new life with a partner? https://t.co/YzWEstgCIE
Burned out at work? Tough boss? Dealing with shifting priorities, egos and power plays? Ck out my latest blog, based on 30 yrs in the Big Tech trenches. Comments welcome https://t.co/nQOF7moeqs
@AccountableGOP This guy lies as easily as he breathes, but this time Trump is impacting the poor hurricane victims. Imagine their agony as they worry about not getting federal funds. Remember this in Nov
Cisco wraps up a solid year and quarter, taking market share from rivals, driving new SW and subscription revenue and positioning for the coming AI wave.
Pretty remarkable year from @Cisco 16% growth this quarter on $15B revenue qtr. Stock was down after hours on the Barron's headline which totally missed the boat. Analyst I think are realizing how strong the company's performance is - waiting for CFO guidance & Q&A - Stock flipped and is now up after hrs.
It’s tough to see some of the images coming out of Hawai’i — a place that’s so special to so many of us. Michelle and I are thinking of everyone who has lost a loved one, or whose life has been turned upside down.
If you’d like to help, you can do so here.
https://t.co/i9zN74FiNT
@dom_lucre Fighting for a guy and his right to pay hush $ to a porn star, and who inspired a violent attack on the Capitol to stay in power. It's blood money. Pretty damn sad.