Toronto HR Execs Crack the Code: AI Costs Way More Than Fired Staff
KEY POINTS
- •Business Insider hosted a roundtable dinner in Toronto with 14 senior HR and tech executives to discuss AI's impact on workforce management.
- •Katya Laviolette of 1Password highlighted AI's costly token and software seat expenses, cautioning investors will demand profitability soon.
- •Wealthsimple's Olivia Chiu shared how their CTO cleared calendars for a company-wide Claude AI install party to push AI adoption.
In a groundbreaking Toronto dinner hosted by Business Insider and Indeed, 14 HR bigwigs—like Katya Laviolette from 1Password and Jay Ferguson of BMO—gathered to unlock AI’s mysteries in the workforce. The main revelation? AI isn’t just automating jobs; it’s gobbling up cash on tokens and software seats nobody budgeted for. 1Password’s Laviolette warned investors will soon demand profit, not just AI buzzwords. Meanwhile, Wealthsimple’s Olivia Chiu’s CTO tried to solve this by throwing a midweek Claude AI install party, forcing everyone off meetings for a rare moment of collective tech-induced joy. Radical Ventures’ Sanjana Basu reported startups run leaner than middle managers scared of extinction. This isn’t just reengineering; it’s full-on reinvention—with middle managers looking like fossil exhibits.
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(1 of 3)Nothing says ‘futureproof workforce’ like burning tons of cash on AI tokens, scheduling mandatory install parties, and quietly euthanizing middle management. Welcome to productivity 3.0: lean, pricey, and existentially confused.
AI: automating tasks and depleting budgets faster than you can say ‘token overrun.’ They say it boosts productivity—somebody just forgot to mention your wallet.
Imagine tossing your middle managers and throwing tech parties just to figure out if AI actually saves money. Spoiler: it doesn’t, but at least it’s a fun calendar day.
Source: Businessinsider | Published: 3/19/2026 | Author: Business Insider
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