If the IT industry downfall causes in the recent year/months was represented by a pie chart, would it be by a 100% AI's adoption? Is it the only reason for all the worldwide layoffs?

 A pie chart of the IT industry's recent struggles wouldn't be all AI. While AI is a factor, it's more like a slice of the pie, not the whole thing. Here's a breakdown of reasons for the IT slowdown:

• Economic factors: A global economic slowdown can lead to decreased IT spending by businesses. This is because companies tighten their budgets when the economy weakens.
• Shifting skill demands: The IT industry is constantly evolving, and the skills that are in demand today may not be the same ones that will be needed tomorrow. This can lead to layoffs for workers whose skills are no longer relevant. For example, there's a higher demand for AI and cybersecurity specialists now compared to some other IT fields.
• Automation: AI and automation are definitely playing a role. Some IT tasks are being automated, which can reduce the need for human workers. However, it's important to remember that AI is also creating new IT jobs.

So, AI is a part of the picture, but it's not the whole story. The IT industry is cyclical, and there will always be ups and downs. The key is for IT professionals to stay up-to-date on the latest skills and technologies so they can remain competitive in the job market.