Ehhh... I hear you Michael. Two problems.

1) They're not being as surgical with those layoffs, because they're not an attempt to cut the fat, they're making room for AI, so the good get cut with the bad.

2) Let's say you cut 10 devs at that 70% line. That's 300 hours a week to make up. AI can not do that yet. So those hours fall on the heads of those folks remaining who were already working 40+ hours a week.

That's what I see and am told is happening.