Take this with a grain of salt – as it comes from the very people who would greatly benefit from this statement being true (venture capital investors) – but this sentence in the article stood out:
Tech companies, in particular, will see "significantly reduced hiring," he added.
Ironically, the very people building all this stuff might be the ones most affected by it (on a per-sector/industry level; maybe not on the individual level… AI engineers will be fine for a while).