I am really surprised how well AI excuse works, most journalists just take CEO words as is, and make no effort to assess: is that even credible?
Obviously layoffs correlate with AI age, but it's most definitely not AI replacing jobs, not yet. Even in 2025 stories about a job fully taken by AI need to be scraped for, and it's almost always about non-SWE jobs. And in 2023, when the first layoffs already started, models sucked and none of the existing tools and agents even existed yet! But if you search for example for headcount growth in India/Mexico, the numbers can only be described as "booming".
I don't know what exactly is going on, but it's pretty obvious the companies are moving offshore or simply doing less work, and for some reason need to lie about why.
Obviously layoffs correlate with AI age, but it's most definitely not AI replacing jobs, not yet. Even in 2025 stories about a job fully taken by AI need to be scraped for, and it's almost always about non-SWE jobs. And in 2023, when the first layoffs already started, models sucked and none of the existing tools and agents even existed yet! But if you search for example for headcount growth in India/Mexico, the numbers can only be described as "booming".
I don't know what exactly is going on, but it's pretty obvious the companies are moving offshore or simply doing less work, and for some reason need to lie about why.