Anyone else feel like the AI replacement narrative is being used as a management tool?

Lately, I've been wondering whether the constant messaging around AI replacing jobs is partly being used to create pressure within the tech industry. Companies have always gone through hiring and layoff cycles. Teams get restructured, budgets change, people leave, and new people get hired. That's nothing new. What's different now is how public and frequent the discussion has become. Every week there's another headline about AI eliminating jobs, reducing headcount, or making entire roles obsolete. At the same time, many teams seem to be operating with fewer people while expectations keep increasing. Work-life balance tends to exist only when teams are adequately staffed and workloads are reasonable. When headcount shrinks, the remaining employees often end up carrying more responsibility. The part that feels strange to me is how layoffs are increasingly being framed as an AI story, even when the reasons may also include cost-cutting, market conditions, or management decisions. It creates an environment where employees constantly feel replaceable and may be more likely to accept heavier workloads out of fear. I'm not saying AI isn't changing the industry. It clearly is. But sometimes it feels like the fear of AI is being amplified in ways that benefit companies by keeping employees anxious, competitive, and willing to do more with less.