There is so much stupidity to unpack here. They say they need to use the opportunity provided by AI. However, what kind of opportunity is that requiring them to fire people in order to use it? Is AI making them more efficient or less efficient? If it's making more efficient, why they need to lay off all these people who are getting more efficient? So that other companies will pick up the workers they spend so much time to train on their systems, and replicate the same technologies elsewhere?

I think these companies have lost all their brains and there is a stupid AI system making bad decisions for them. I also fully expect these companies to lose their shirt to smarter companies in the next few years and decades.