Tech is in turmoil—but the rest of corporate America isn’t. One Silicon Valley CEO knows why
Goodhart's Law is running amok, both in the companies where tons of supposed AI layoffs are having, and where it isn't, Box's Aaron Levie said.
Opening excerpt (first ~120 words) tap to expand
Tech layoffs tied to AI are dominating headlines. Coders are being displaced by agents. Software headcount is shrinking. The message from Silicon Valley is that AI is restructuring the workforce in real time—and that the rest of corporate America should brace for the same.Recommended Video Box CEO Aaron Levie has a message back: not so fast. “My job these days,” Levie said Monday on a16z’s podcast, “is just bring reality to the valley, and then bring the valley to reality.” It’s a line that sounds glib until you understand what he actually means—and why the gap between AI’s impact in tech versus the broader Fortune 500 may be one of the most misunderstood economic dynamics of the moment.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Fortune.