Yep, it's the AI that's going to save your flailing company and this had nothing to do with the obsurd pandemic hiring spree or your poor business performance in recent years.
I don't totally disagree with the mindset, just the rational for the downsizing.
I mean really most companies have a backlog of feature ideas a mile long, and some tool comes along making your employees 40% more efficient, and the best thing you can think to do is the exact same thing at the exact same tempo but with fewer employees?
The CEO who thinks that way should be replaced due to incompetence, or at least due to lack of vision and imagination.