Comment by spwa4

It's driven by attempting to outinvest eachother in AI, which is very different. They're not replacing job functions by AI. They're dropping more and more stuff on the floor, abandoning it and using the money to invest in datacenters (ie. paying NVDA and a few others).

But they're not replacing these employees. That may come, in the future, but it's not what's happening. This is freeing up money at any cost to products.