In the last day around here alone:

Electronic Arts to Cut 400 Jobs, Shut Down BioWare

https://news.ycombinator.com/item?id=50184357

Xbox reportedly planning three more rounds of layoffs

https://news.ycombinator.com/item?id=50185427

eBay to Cut 9% of Workforce in Latest Round of Layoffs

https://news.ycombinator.com/item?id=50184844

Further Plex Player team story developing, Qualcomm yesterday, much submitted Netflix 6% in the last week or so, etc etc. Don't tell us there isn't an AI angle involved in here, even if it's not direct. And that's not to mention hiring is broken, so less jobs being held, less jobs being created.