Unfortunately, one of the struggles in old high tech (thats the only thing i know, are you also experiencing this?) is that the C-level people don't look at Ai and say LLM's can make an individual 10x more productive therefore (and this is the part they miss) we can make our tool 10x better. They think: therefore we can lay off 9 people.
There aren't 10x revenue gains in most businesses if their workers become 10x more productive. Some markets grow very slow and/or have capped growth.
Therefore, the best way to increase profit is to lower cost.