[03 AUG] PAPER CUT: C-Suite Swagger, AI Whiplash and the Talent U-Turn

Layoffs on Monday, victory laps on Tuesday. Exec spin, AI churn, and a generation re-routing itself away from Big Tech.

By EBN 7 min read
Three friends hurtle down a wooden roller coaster on a sunny day, laughing and shouting, symbolising the wild ups-and-downs of this week’s AI-driven job market.
C-suite boasts, workforce screams... welcome to the AI layoff coaster.

The second-quarter earnings circus rolled out the usual jugglers: Google insisting there is no war for AI talent, Nvidia bragging its execs are billionaires, and Microsoft explaining why billion-dollar profits still require pink slips.

Strip away the patter and you see a blunt trend: leaders doubling down on flash while trimming the flesh.

Underneath, AI is neither job killer nor job creator but a revolving door that spins cost cuts into pricey rehiring. Grads and MBAs are noticing. They are walking past once-gold-plated campuses toward quieter fields that look less combustible.

Let us sort this week’s chaos into four sharp slices.

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This Week’s Paper Cut's