That was the point.
When we say capitalism eats itself. This is the kind of thing we're referring to. Terminal end stage profit seeking. To the detriment of literally, literally everyone. Job seekers, the currently employed who will have their wages even more heavily suppressed, even career employees who will be pushed out so they can be replaced. Even ultimately the businesses engaging in this suicidal nonsense themselves.
How does capitalism continue its fantasy of endless growth on a finite planet if nobody has money to spend on products and services? Short answer is that it doesn't. It will limp along on financialization and debt. But that correction will ineviably come.
I'm going to enjoy watching the AI bubble burst.