Former Google CEO Eric Schmidt says AI can eliminate the 'coordination tax' of endless meetings, potentially making thousands of middle-management jobs redundant.
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01Summary
- 01Schmidt said he spent 12 hours a day in meetings, five days a week, plus weekends, totalling roughly 63 hours.
- 02He argues AI platforms can handle much of the coordination that currently requires human meetings.
- 03An unnamed friend laid off 20% of his workforce, including 'glue people' who plan and coordinate tasks.
- 04Schmidt predicts a 10,000-person company could have 'a couple of thousand people you don't need' as AI improves efficiency.
- 05Schmidt owns about a 1% stake in Anthropic, which could be worth $20bn if the AI firm goes public at $2tn.
02Why it matters
This matters because AI could reshape corporate hierarchies, eliminating many coordination roles while creating demand for inventors, salespeople, and leaders.
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