Well, yeah, when management is made up of dumbasses, you get this. And I'd argue some 90% of all management is absolute waffles when it comes to making good decisions.

AI can and does accelerate workloads if used right. It's a tool, not a person replacement. You still need someone who can utilise the right models, research the right approaches and so on.

What companies need to realise is that AI accelerating things doesn't mean you can cut your workforce by 70-90%, and still keep the same deadlines, but that with the same workforce you can deliver things 3-4 times faster. And faster delivery means new products (let it be a new feature or a truly brand new standalone product) have a lower cost basis even though the same amount of people worked on them, and the quicker cadence means quicker idea-to-profits timeline.