this is not happening because ai is so good it can replace workers. its because its good enough to look like it can replace workers to a non technical manager, and that gives execs an excuse to fire people (or not hire them) so they can show better margins and get a bonus. even if they know it kills the company long term.

the root of the problem is the same as most other economic problems in this world. financial capitalism is designed to reward short term profits, and shareholders create an asymmetric incentive where ceos dont really get fired for doing too many layoffs but can be fired easily for not doing enough.