That's dumb and just an excuse. If it were true, why not keep the whole team and empower them and deliver 10x the existing value?
The dark truth is that tech executives have been extremely pissed off by tech workers in the 2010s leveraging their specialist knowledge into exorbitant salaries, autonomous working conditions and even political demands (remember the Google in China backlash?), and they are now using AI as an excuse to do mass layoffs in order to scare the uppity proles-craftsmen into falling in line. As Kalecki said, they value discipline in the factories more than raw profits
The dark truth is that tech executives have been extremely pissed off by tech workers in the 2010s leveraging their specialist knowledge into exorbitant salaries, autonomous working conditions and even political demands (remember the Google in China backlash?), and they are now using AI as an excuse to do mass layoffs in order to scare the uppity proles-craftsmen into falling in line. As Kalecki said, they value discipline in the factories more than raw profits