Oxford Economics suggests that AI layoffs are often used as a cover for routine headcount reductions, rather than a result of automation. Companies may be attributing job cuts to AI to present themselves as innovative and to appease investors, rather than admitting to business failures. Despite headlines, data show that AI-related job losses account for only a small share of total reported job losses.
https://finance.yahoo.com/news/ai-layoffs-looking-more-more-210954693.html