Palantir cofounder says CEOs are pretending layoffs are about 'AI productivity' when they're not

Source: Business Insider

Palantir cofounder Joe Lonsdale said that he knows "what hundreds of companies are doing. "Bloomberg/Getty ImagesPalantir cofounder Joe Lonsdale voiced doubt about CEOs who cited "AI productivity" as the reason for layoffs. Many of these CEOs "over-hired or lowered the bar too much in the 2021-2023 wave," he wrote on X.