Popular VC Marc Andreessen says that companies using AI as excuse for layoffs

Venture capitalist Marc Andreessen argues that AI is not the cause of mass layoffs, calling it a "silver bullet excuse." He asserts that higher interest rates and overstaffing during the COVID-19 pandemic are the true drivers of workforce reductions. Andreessen believes companies are using AI as a convenient narrative to mask past mismanagement and bloated payrolls.

By TOI TECH DESK