Senior folks are doing the work junior folks used to do, and getting negative performance reviews for it. Negative performance reviews are now leading to quicker dismissals. These dismissals aren't considered layoffs. There are also ongoing layoffs.
Simultaneously, promotion requirements are going up. I feel like I need to be launching entirely new products to meet expectations, but at the same time, routine bugs need fixing. My team is also being picked for parts by our parent org.
I get the impression funding is more generous on AI-specific teams, but the pressure is higher, and there's a lot of competition to join those teams.