Next, comes natural attrition in a company where a certain percentage will leave every year. Will they get replaced with a human or their budget goes into tokens?
Only when these 2 angles are exhausted, a typical company will start thinking about layoffs.
Now, some companies are already stressed: customer buy AI products instead of theirs, AI makes it easier to build what they offer, customers believe they can vibe code things. These companies will layoff first, because of AI. Not because AI will do the persons job but because the money gets spend differently.