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Layoffs & Tech JobsMay 3, 2026·1 min read

A doctor turned a pandemic pay cut into a 16-property portfolio. Here's the first step she took.

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Business Insider – Tech

businessinsider.com
3h ago
A doctor turned a pandemic pay cut into a 16-property portfolio. Here's the first step she took.

Summary

Real estate investors Jennifer and Paul Tessmer-Tuck. Jennifer Tessmer-Tuck Jennifer and Paul Tessmer-Tuck started buying real estate in 2020 to create another income stream. Paul area had seen her hospital go through several cycles of layoffs, including one around 2015 that led her to pick up extra shifts so she could save more aggressively in case her own job was ever affected.

From the source

Real estate investors Jennifer and Paul Tessmer-Tuck. Jennifer Tessmer-Tuck Jennifer and Paul Tessmer-Tuck started buying real estate in 2020 to create another income stream. They started with what they already knew: buying a single-family home. Over the last five and a half years, they've expanded to 16 properties. Jennifer Tessmer-Tuck knows how fickle the healthcare industry can be. The OB-GYN in the Minneapolis-St. Paul area had seen her hospital go through several cycles of layoffs, including one around 2015 that led her to pick up extra shifts so she could save more aggressively in case her own job was ever affected. When the pandemic hit in 2020, putting even more pressure on the hospital, she took a big pay cut.

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Sam Altman says the quiet part out loud, confirming some companies are ‘AI washing’ by blaming unrelated layoffs on the technology
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Sam Altman says the quiet part out loud, confirming some companies are ‘AI washing’ by blaming unrelated layoffs on the technology

As debate continues over AI’s true impact on the labor force, OpenAI CEO Sam Altman said some companies are engaging in “ AI washing ” when it comes to layoffs, or falsely attributing workforce reductions to the technology’s impact. “I don’t know what the exact percentage is, but there’s some AI washing where people are blaming AI for layoffs that they would otherwise do, and then there’s some real displacement by AI of different kinds of jobs,” Altman told CNBC-TV18 at the India AI Impact Summit in February. AI washing has gained traction as emerging data about the tech’s impact on the labor market tells a muddied, inconclusive story about how the technology is destroying human jobs—or if it has yet to touch them.

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