AI isn't replacing jobs. AI spending is

Re:AI isn't replacing jobs. AI spending is by mattfrommars on Sunday November 09, 2025 @07:19PM (#45870703)

I can assure you a lot of veteran devs in my company who had major impact were let ago because of off shoring to India and Poland. My employer is a very well known financial institution, think Blackrock, Bloomberg etc.

Public press paints picture of the firm laying off due to adoption of AI. Yet, I can assure you without doubt its not because of it but due to continued offshore.

I think we are at the brink of opening another large campus in India, not sure which city. Oh another thing is these full time position in NA were eliminated and replaced with employees from TCS.

My own boss is against it but its coming from higher ups. I have no idea what's driving them. We made billion in net revenues last year and we are actually part of the org that is in 'cash cow' category - upper management literally said this too in our town halls

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Re:AI isn't replacing jobs. AI spending is by altcognito on Sunday November 09, 2025 @08:11PM (#45871042)

But you can make more money. And if you don't, then it's crime against the fiduciary.

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Re:AI isn't replacing jobs. AI spending is by amypetrik8 on Sunday November 09, 2025 @09:08PM (#45871514)

Exactly, you're on the hook to profit-max for the next quarterly earnings report. If that may negatively impact subsequent quarters, not your problems, that's to be resolved when profit-maxing those quarters

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Re:AI isn't replacing jobs. AI spending is by woleium on Sunday November 09, 2025 @09:49PM (#45871810)

short termism!

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Re:AI isn't replacing jobs. AI spending is by sharts on Monday November 10, 2025 @12:42AM (#45872806)

One might argue sacrificing long term gain and stability for short term term profits are indeed a violation of fiduciary responsibility. Why it isn’t being argued I don’t know but we all know delaying gratification tends to result in higher net in the long run.

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Re:AI isn't replacing jobs. AI spending is by davedx on Monday November 10, 2025 @06:42AM (#45874971)

No, you're not "on the hook". You're definitely motivated to increase profits - most senior leadership's compensation will be heavily equity weighted, and net profit growth tends to result in share price growth - but there's no hard rule saying they have to purse short term profits at all costs. They might be pressured to by shareholders but they're not obligated to.

Consider companies like Amazon, Tesla, who (initially, for many years) prioritised long term growth over short term profits. Look at how long they lost money for. You do need a CEO who actually has some vision.

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Re:AI isn't replacing jobs. AI spending is by davedx on Monday November 10, 2025 @06:41AM (#45874961)

I'm not sure if this is a tongue in cheek comment or not, but it's a myth that leadership has a fiduciary duty to maximize profits at all costs.

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Re:AI isn't replacing jobs. AI spending is by JumpCrisscross on Sunday November 09, 2025 @07:24PM (#45870743)

Are visa restrictions deterring or promoting this offshoring?

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Re:AI isn't replacing jobs. AI spending is by epicureanideal on Sunday November 09, 2025 @07:44PM (#45870867)

Let them offshore if that’s what’s going to happen. And then let the stats show that American employment in certain sectors is tanking, and let the electorate decide what to do about that. Basically, I think this is a multi-round game rather than a one or two round game.

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Re:AI isn't replacing jobs. AI spending is by Striggor6 on Sunday November 09, 2025 @09:16PM (#45871573)

This is a dangerous mindset. It's one thing losing your job to a foreigner on the other side of the world, it's another thing entirely losing your neighbourhood to them.

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Re:AI isn't replacing jobs. AI spending is by hhh on Monday November 10, 2025 @01:56AM (#45873165)

Actually when I have a new group of diverse people in my neighborhood I tend to find it much more vibrant and fun, and I'm not 'losing' it at all.

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Re:AI isn't replacing jobs. AI spending is by carlosjobim on Monday November 10, 2025 @08:14AM (#45875650)

What's not fun and vibrant about people of your own background?

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Re:AI isn't replacing jobs. AI spending is by hhh on Monday November 10, 2025 @01:54PM (#45879403)

Nothing, the modifier was more, indicating that having a diverse group makes it more interesting, not that it isn’t interesting without it.

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Re:AI isn't replacing jobs. AI spending is by 317070 on Monday November 10, 2025 @05:22AM (#45874482)

Striggor6 == kfterrg67 (banned) == ghuffed (banned)

This person has been spewing far right talking points mixed with casual insults for weeks now.

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Re:AI isn't replacing jobs. AI spending is by sentel5 on Monday November 10, 2025 @11:27PM (#45884115)

Years, actually.

New account now. Please like and subscribe.

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Re:AI isn't replacing jobs. AI spending is by macbem on Monday November 10, 2025 @01:46PM (#45879314)

The market is not so hot in Poland either right now, so I guess the flow to India continued or the funds have become more limited.

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Re:AI isn't replacing jobs. AI spending is by 56J8XhH7voFRwPR on Monday November 10, 2025 @03:51PM (#45880765)

This is my company too. Also large financial firm based in US. They say AI, but what they really mean is "Always Indian".

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Re:AI isn't replacing jobs. AI spending is by Wojtkie on Monday November 10, 2025 @03:52PM (#45880785)

Yeah, same here except in Retail. All the hiring is in the Indian campus where they can pay junior devs 11/hr compared to the 80/hr billed by Kforce, InfoSys, et. al.

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