It's like slurping the very last capital a worker has out of its mind and soul. Most companies exist to make a profit, not to employ humans.
Paired with the pseudo-mocked-tech-bro self-peddling BS this announcement reads like dystopia to me. Not that technological progress is bad, but technology should empower users (for real, by giving them more control) not increase power imbalances.
Let's see how many people who cheered today will cheer just as happily in 2028. My bet: just a few.