Comment by matusp

I don't think AI has anything to do with this. For a while, investors were using headcount as a metric for growth, even though startups often showed very poor utilization of their new hires. Hiring was done for the sake of hiring. Trying to achieve more with less is simply a reasonable response to a market where money is much more expensive than before. Many tech companies were unreasonably ineffective with their manpower, this is a much bigger problem now.