Nailed it! a16z co-founder Marc Andreessen just said AI is the "silver bullet excuse" for companies laying people off, but most layoffs are actually due to higher interest rates and overstaffing during COVID 👏

"What you have happening right now is that essentially every large company is overstaffed. We could debate how much - it's at least overstaffed by 25%. I think most large companies are overstaffed by 50%. A lot of them are overstaffed by 75%. And now they all have the silver bullet excuse - it's AI” - Marc Andreessen

There’s no doubt that AI will eventually replace some roles.

And some of that replacement has already started.

But right now, it’s mostly replacing accountability.