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Companies That Tried to Save Money With AI Are Now Spending a Fortune Hiring People to Fix Its Mistakes (futurism.com)

submitted 2 days ago by [email protected] to c/[email protected]

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[–] [email protected] 6 points 2 days ago* (last edited 2 days ago)

No that never happens /S

I used to work with a supplier that hired a former Monsanto executive as their CEO. When his first agenda came out I told their sales team he was an idiot and to have fun looking for a new job a few months.

The CEO bailed after 2 years to start his own "consulting business."

1 year later the company lost 75% of their market share and was laying off people left and right. They are still afloat barely.

After a couple years "consulting", the CEO went to another company in 2023. He didn't bounce fast enough and got caught on this one. He was fired 2 weeks ago and the company shut their doors except for a handful of staff to facilitate the firesale of the companies assets.