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Rogers offering buyout packages to roughly half of its staff
(financialpost.com)
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Did I just wake from a coma? Did everyone start cancelling their cell phone plans and internet connections?
I'm blown away AI wasn't mentioned as a reason lol.
While there is scant evidence that AI is having much of a tangible impact on productivity, it is a fantastic tool for justifying mass layoffs.
People are getting smarter about what kind of fees they'll tolerate for mediocre service. I also bet TV service subscriptions are on the decline.
Cable packages and streaming have been on the decline for a while.
And, despite still being higher than some other countries, cellphone plans have been getting cheaper over the last decade.
At the same time, the Telcoms have been spending capital on expanding their networks and replacing older hardware with newer faster equipment.