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Guessing either:
Leadership lives so deeply in techbro echo chambers that they are completely oblivious to the volatility of the market.
These companies have a poor financial outlook and are hedging their bets that an AI pivot can give them access to income they need.
To me, the fact that they're starting with layoffs this large means that they are in dire straits and need to cost cut badly, but are hoping that declaring a dedicated push to adopt AI will retain some measure of confidence from the market.
Leadership is definitely in deep echo chambers, and dont have the critical thinking skills to see it and change tac. That being said, its such a short-sighted attitude because, one again, laying off employees kills population wages ... so whose going to buy their products?
I mean, you can always say "well, everyone else will!!!" But if every company is laying off employees because of AI, there will be nobody left eventually and boom, completely dead economy and society.