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