I don’t think the job cuts and re-allocations are managers deciding that teams can be replaced by AI. It’s the company re-allocating resources to try to develop AI, because acquiring VC and the staff for that is challenging so they redirect it from other parts of their business.

I think that, to the surprise of no one who actually works for a living, they have encountered the ceiling of generative AI abilities (although it’s not implemented in a public facing app yet), and they know it’s never going to be more than an incremental boost to productivity.