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Software company tells 5,000 employees no raises because the money is going to AI
(www.independent.co.uk)
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CEOs and companies want to socialize expenses. They decide to invest heavily in an unproven technology like AI, all employees are forced to fund it. But if the company magically made 10%, 100%, 200% revenue increase the next year, are the workers immediately compensated? Almost never. CEOs pride themselves on being the "decision makers", so they need to bear the risk. In other words, everyone should avoid Teradata like the plague while they continue to be badly run...
The workers need to stop voting alongside their rulers. Until that happens, they deserve all the abuse they get.