Palantir cofounder says CEOs are pretending layoffs are about 'AI productivity' when they're not

Palantir cofounder Joe Lonsdale said that he knows "what hundreds of companies are doing." Bloomberg/Getty Images Palantir cofounder Joe Lonsdale voiced doubt about CEOs who cited "AI productivity" as the reason for layoffs. Many of these CEOs "over-hired or lowered the bar too much in the 2021-2023 wave," he wrote on X. Companies from Cloudflare to Snap have cited AI in their layoff memos. AI layoffs are everywhere. Palantir cofounder Joe Lonsdale suspects many of them aren't because of AI...