Eric Schmidt, who led Google for nearly a decade, says he spent up to 12 hours a day in meetings, amounting to a working week of about 63 hours. He believes AI can now handle tasks that once required extensive coordination among business teams. Schmidt estimates that a company with 10,000 employees could have up to 2,000 positions made unnecessary, and cites a friend who recently laid off 20% of his workforce. Schmidt, who owns roughly 1% of Anthropic, nevertheless argues that inventors, salespeople, leaders and government liaison professionals will remain essential.
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