Do you have any more info on the 8 figures? I hadn't come across that, but that's quite interesting to hear.
For the mass layoffs, I was under the belief that those were largely driven by the tax code alterations in the US.
https://www.theregister.com/2025/06/13/meta_offers_10m_ai_re...
Nah, big companies don't even care about that very much, they have a million tax dodges, its the smaller startups that are deeply impacted by that type of change.
There's no question that the predictions around LLMs are shaking up the industry - see mass layoffs and offers for 8 figures to individual contributors. The question is will it materially change things for the better? no idea.