Before getting wrapped up in the usual LLM vs anti-LLM narratives, note that like many of these recent layoffs, this is essentially reversing 2020-2022 net headcount growth.

IMO a lot of these layoffs are companies going from an experimental fiscal mindset to a conservative fiscal mindset - ie, rather than acquiring companies and hiring to grow into new markets, a lot of organizations are falling back on what they know works, independent of any productivity impact of LLMs.