50% less white collar jobs -> 50% less productivity SaaS apps needed (slack, gmail, notion, jira, msft word, many more...)
Once company downsizes -> businesses that depend on said companies "growing in size" also lose.
AI doesn't need Slack, Jira, etc. That's just how we humans communicate. But AI can work directly with databases and store data more efficiently.
What now?
(FWIW, I do think AI is very useful. I use it daily to help me with engineering work. No arguments there.)