People are being fired, or employed precariously, because too much money has been funneled into the bankrupt technology of genAI and the profits have never materialized.
Companies cut costs with employment in order to keep fueling the investments in either building or using genAI.
(article by FastCompany, paywalled, so here's an alternative way to read it) https://archive.is/9sdT5
We should all be luddites and call this technology by its name: an anti-social technology.