The companies that survive this wave intact aren't the ones with the most AI. They're the ones that figured out which work actually needs human accountability and protected it.

The ones cutting blindly right now, betting on productivity that hasn't arrived, are creating a second problem. Institutional knowledge leaving. Accountability chains breaking. Work that looked like process work until something went wrong.

Some of these companies will feel it in 18 months. Watch the ones that cut deepest in Q1.