Nothing to do with AI. Job cuts due to high interest rates. Most tech companies don't make profit, they just take out huge loans and pay the minimum monthly. No

Nothing to do with AI. Job cuts due to high interest rates. Most tech companies don't make profit, they just take out huge loans and pay the minimum monthly. Now US interest rates are 5%+ and those companies cannot afford to make the minimum payment and are cutting jobs to compensate. AI is just as much a scam as blockchain.