"Firms don't appear to be replacing workers with AI on a significant scale," the firm said. It suspects some are trying to "dress up layoffs" as good news.
Firms are trying to dress up layoffs as a good news story rather than bad news as attributing staff reductions to AI adoption conveys a more positive message to investors.
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The article mentions it’s possibly due to “over hiring” in the past.
There’s an obsession companies have where they have to try out being leaner than is efficient.
But I have a feeling it’s even worse. Companies are manufacturing a bad job market, so they can under pay employees and treat them worse.
It’s both, but mostly the latter.