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The smol beanification of capital.
: “UwU, don’t bwame me pwease, it was compooper’s fault! Stop pointing out how I’m the leader! I’m a smol bean in this big scawy wowd just like you!”
To quote Hopper: “First rule of leadership. Everything is your fault.”
I have a wife and two heirs.....ah errors....er kids! 
and I love kids.
blames AI
Smokescreen.
They probably are feeling the recession and had to cut jobs, but don't want to admit this to shareholders.
I guess we can see if the US East 1 is going to go down more...
Lemme guess, they're gonna rehire half those people at a pay cut.
As "independant contractors"
i got a ping from LinkedIn that there were 90+ new software engineer jobs for AWS the same day they announced they were going to do this massive layoff.
i'm not even a programmer but somehow linkedin thought I should know this
I think that Alice (will look up the twitter because I don't have a last name) was right on AI. Its real, effective purpose is as a method to punish labor as a class. It's just a way to worsen working conditions ('AI will replace you because you want breaks') and lower wages ('AI could do it cheaper if I wanted') Edit; Alice Malone