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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.

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