What he's telling us is that they are laying off 15,000 people today, and when they do eventually fully benefit from AI, he will layoff a whole hell of a lot more people.
Other headlines I’ve seen in the past hour:
“Amazon shares pummeled after revenue miss and lower guidance.”
“Japanese stocks open 5 percent lower.”
“Dow loses 500 pts, economy suddenly looks weak.”
“ISM Manufacturing index comes in soft.”
Intel was already using AI in 2021 to find defects in chips and what went wrong.