AI is frightening corporate executives – and forcing them to make layoffs. That’s what they want us to believe, anyway. So far, it looks more like a convenient excuse than a revolution. The CEO looks concerned. “We have made the difficult decision to reduce our workforce,” he says. We’ve heard it before. Variations on this theme are now everywhere in the business world – at tech companies especially. Coinbase is cutting 14 percent of its […]
The layoffs won’t solve Northvolt’s problems Published in Svenska Dagbladet, 2024-09-23. Translated from Swedish. 1,600 employees are losing their jobs at Northvolt in Sweden. Meanwhile, future financing is still not in place. What is actually happening now? Why is Northvolt making so many redundancies now? According to the company it is a result of the “macroeconomic climate” and the need to focus on fewer things. The expansion of the Skellefteå factory — which was supposed […]
This analysis was first published in SvD Näringsliv, in Swedish, on February 16th, 2024. This piece was translated from Swedish by Claude. Some phrasing may differ from a human translation. Tech giants are laying off thousands of employees even as they invest massively in AI. The irony is that the very tools they are building may be what makes those cuts permanent. In January 2023, Google announced it would lay off approximately 12,000 employees — […]
This analysis was first published in SvD Näringsliv, in Swedish, on May 18th, 2022. This piece was translated from Swedish by Claude. Some phrasing may differ from a human translation. The tech crash on the stock market is creating domino effects throughout the startup ecosystem. The hangover from the last few years of sky-high valuations is here — and the first wave of layoffs in Sweden has started. The market sell-off in tech came fast […]
