I agree fully but this thread is about why there are fewer tech jobs. Everything is a cycle. New tooling improves developer efficiency, management looks at this as a sign that they can hire less and scale back, devs get overworked, management struggles against the reality that they need to hire again. This happens all the time.
Even the baseline of improving dev efficiency is unproven. These types of decisions are being made with zero basis in facts, it’s just the whims of people in charge.
