Comment by dntrkv
I think the execs are either using it as an excuse to reduce opex to boost share prices or they're actually buying into this delusion that the productivity improvements are right around the corner. Though I don't really buy into that second option since any reasonably intelligent person would wait to see concrete evidence of said improvements before crippling your company based on some hope.
I also think some of the companies that operate in the AI space are using the layoffs as a form of marketing to prove the capabilities of their tech (while also using it as an excuse to cut costs).
Anyways, I work at one of the major players in the space and the amount of AI code slop I see on a daily basis is absurd. My prediction is that within two years most younger SWEs will only have a high-level understanding of their code. I already see it happening.