AI-driven layoffs may destroy compounding 'intelligence capital', argues fintech analyst
mikeflache · x · 2026-10-02
- Richard Turrin argues that treating headcount cuts as the smartest way to capture AI value actually destroys what compounds.
- Efficiency gains get funded because they're easy to measure, but they depreciate first—once competitors catch up, your margin becomes the market baseline.
- What doesn't depreciate is "intelligence capital": judgment built over years, which every AI-driven layoff round cuts into.
- His pointed question: if real ROI is in judgment nobody can buy, why do earnings calls only mention headcount?
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