CEO 'AI Psychosis' Is Driving Mass Layoffs

Box founder Aaron Levie warns of 'AI psychosis' among CEOs who believe AI can replace workers without truly understanding those jobs. ClickUp recently cut 22% of its workforce for AI agents, and 2026 tech layoffs are already nearly matching all of 2025. The TechCrunch Equity podcast explores this tension between AI enthusiasm and skepticism, alongside major business news: Snowflake's $6 billion AWS deal, Stord raising $250 million at a $3 billion valuation, OpenRouter's $113 million raise, and Waymo's new Ojai robotaxi debut in Phoenix.