That's because of overhiring and other non-ai related reasons (i.e. Higher interest rates means less VC funding available). In reality, getting AI to do actual

That's because of overhiring and other non-ai related reasons (i.e. Higher interest rates means less VC funding available). In reality, getting AI to do actual human work, as of the moment, takes much more effort and cost than you get back in cost savings. These companies will claim they are using AI, even if its just a few engineers using Windsurf. The companies claim AI is the reason they laid off engineers to make it look like they're innovating, not downsizing, which makes them look better in the eyes of investors and shareholders.