My neighbor works at a foreign company. We were chatting over the weekend, and she mentioned that her company is preparing for layoffs. There were also rumors a while back that Meta was planning to do massive layoffs of 20%, affecting over 10,000 employees. The reason for the layoffs is that #AI spending has driven up costs, forcing them to cut labor expenses. At the same time, AI applications have also increased their productivity, so they don't need as many people.