Nov. 6 at 2:14 PM
$ESS CEO: “We are seeing recent layoff announcements, but keep in mind that large tech companies, they get most of the headlines. Broadly across the U.S., layoffs are occurring. So for example, UPS in Atlanta is cutting 48,000 jobs. From what we're seeing on the ground here is that this is a normal part of the business cycle. In an environment where the macro environment is soft, business are and they should be focusing on efficiency. And so I don't think, from what we're seeing, that they are AI-driven job losses.”