Meta is probably the better example, here - dropped 20% of it's headcount (11% in Nov-22 and another ~9% subsequently, plus whatever's happened since Jan-24) and then 7x'd it's stock price. You can probably argue about decommitting from the "metaverse" fever dream idiocy, but a lot of companies looked at the deep cuts to headcount and certainly thought "AI or no AI, a lot of these people aren't adding value and Meta (and possibly Twitter, depending on what you believe) prove(s) it."