I have a growing pile of very different theories concerning the layoffs (actual cost cutting, irrational investor pressure, copycat behavior, systemic risk, AI

I have a growing pile of very different theories concerning the layoffs (actual cost cutting, irrational investor pressure, copycat behavior, systemic risk, AI risk, etc.etc.). The article wasn't particularly interesting, it basically argued hurr durr, big tech leadership is incompetent and is just winging it. Your comment has a new angle, but it only says how, not why. To paraphrase, layoffs are a way to fire white people in middle management in favor of women minorities. But why is that so?