- Company A lays off engineers citing AI efficiencies
- People say its because of over hiring during 2020
- Company B lays off engineers citing AI efficiencies
- People say its because it was never a good business
- Company C lays off engineers citing AI efficiencies
- People say its because theres a recession
I guess to cite a counter example, unemployment is still super low, software jobs are still holding up, but the bear case is that eventually 5% of people will be able to do what people do today, and the demand for software won't grow at the same pace.