It seems that all crypto asset companies are starting layoffs simultaneously.

The market being sluggish is part of it, but the impact of AI is probably a major factor.
Hearing about layoffs of several hundred people within a few weeks makes me feel that the entire industry is undergoing a structural change.
Are more jobs related to digital assets being automated as well?
With the market remaining weak, companies have no choice but to focus on operational efficiency.
This trend is likely to continue for the foreseeable future.