CEO Says There Will Be No Raises Because He Spent All the Money on AI
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For years, tech CEOs have used AI as an excuse to justify layoffs. In reality, though, many experts say that what’s really happening is that execs are diverting financial resources into AI at the expense of everything else — including employee retention.
In one of the most egregious examples yet, cloud software company Teradata told its more than 5,000 employees not to expect a raise this year because its budget was being spent on AI instead, according to an internal memo obtained by Bu
In one of the most egregious examples yet, cloud software company Teradata told its more than 5,000 employees not to expect a raise this year because its budget was being spent on AI instead, according to an internal memo obtained by Bu
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