Most of the time the companies say the layoffs are because AI is doing people jobs, but the reality is that making things that use AI is just a lot more expensive. And enabling employees to use AI more than the free tier is really expensive too. So, they need to cut cost elsewhere to balance it out.
Which code base? All of them? They have a lot of products.
But of course it could also be all of them
Not sure if this is it, but this sounds similar to what I remember: https://news.ycombinator.com/item?id=18442941