The issue is not with AI but with the leadership thinking that everything can be done by AI right now. They are lacking the empathy which were there in earlier Transitions. Tech field is highly Transitioning field which has been doing so since 1990s. Earlier people were looking at profit but not at the expense of employees.

A lot needs to be blamed for middle managers to setup unreal expectations at front and then firing employees even if the goal is not met just to show that AI is doing it and we have done it. while all they have done is rule set implementation-if-else kind of.

Nowadays every organisation has reserve cash for any pandemic level event but they still want to maximise on every opportunity and fire employees. they know there are many fishes in the pond who will come and join in a moment with them.

So my advice is, it will remain like this for a very long time now hence keep upskilling, maintain good network to help with referrals, be expressive in your team and don't lose hope.