The Great AI Layoff Is Becoming the Great AI Rehire

For the past two years, a certain kind of corporate announcement has become almost routine. The company cuts staff, citing artificial intelligence as the reason. The company moves on. The formula was clean, the earnings calls were tidy and the narrative was simple enough to fit in a headline.

The only problem is that it wasn't true; the consequences are now showing up in ways that are hard to ignore.

The companies that replaced workers with AI are discovering that the math doesn’t hold. According to CNBC, employers who laid off workers in the name of AI are reversing those decisions. About half of all companies that swapped people for AI end up experiencing a boomerang effect, rehiring at greater expense than it would have cost to retain the original workforce. The Great AI Layoff, it turns out, is turning into the Great AI Rehire.

Please select this link to read the complete article from Fast Company.