I wonder how much of the hiring pause has to do with AI - the expectation that it will be possible that it will be possible to do far more with less? Stock pric

I wonder how much of the hiring pause has to do with AI - the expectation that it will be possible that it will be possible to do far more with less? Stock prices do not seem to indicate a significant down turn. Edit: I found this which seems to indicate that companies anticipate a challenging macro environment. However this doesn't seem to be reflected in any stock price. https://www.reuters.com/markets/us/tech-firms-wall-street-lead-job-cuts-corporate-america-2023-12-04/#:~:text=,several%20divisions%20in%20October%2C%20Axios https://www.reuters.com/markets/us/tech-firms-wall-street-le...