
Yeah layoffs are probably a bigger factor here come to think of it. But I also don’t buy that it’s because AI is replacing that productivity, I think it really has more to do with the fact these companies overhired in a talent war in like 2020-2021 because they had so much cash coming in and interest rates were low. Now that interest rates are a lot higher and exacerbated by the fact a lot of them are dumping ridiculous amounts of capex into AI, they feel the need to start laying people off