Did the hype cycle not have an impact on employment with the various layoffs? Or is this and admission that the layoffs were for other reasons and were just attributed to AI?

I’m not surprised about productivity though. Efficiency gains are limited by the actual bottlenecks. And truthfully, I think people are deluding themselves a bit about how effective vibe coding is and how much faster they are actually moving when you consider developers still need to form an understanding of the codebase and its systems.

Outside of coding, is there really a use case for LLMs that has the potential to make big efficiency gains? Idk.