I don't think any company is cutting headcount because of AI. I think that's just what they say. The reality is that they're facing a cash crunch due to a bad economy. And if you state a cash crunch as the reason, your stock will fall or VCs will run away. But surprisingly, if you state AI as the reason for layoffs, your stock will rise or VCs will get excited. Same thing, just different clothes, and it works.