Most of the time the companies say the layoffs are because AI is doing people jobs, but the reality is that making things that use AI is just a lot more expensive. And enabling employees to use AI more than the free tier is really expensive too. So, they need to cut cost elsewhere to balance it out.
I worked with a guy that used to work at Oracle and he pretty much said the same thing. Essentially if you sneezed anywhere within a 10km radius of Oracles code base (and it didn’t matter which product) you ran the risk of it all crashing down. dudes spent more time talking about how to theoretically fix something as opposed to actually fixing it.