"According to a recent study in Harvard Business Review, 60% of more than 1,000 global executives surveyed said they had reduced headcount in anticipation of AI efficiency gains, while just 2% said they'd made large reductions based on actual AI results."
"Both the advisory firm Gartner and Forrester Research predict that half of AI-attributed layoffs will be reversed."
"Legal recruiter Daniel Vahab told Law.com that some employers have been acting out of 'FOMO.' 'They went with the trend and the hype, and it's sort of backfired,' he noted, 'and now a lot of firms are scrambling to bring people back and fill those roles.'"
Several major employers, including a Biglaw firm and a corporate legal department, have announced layoffs citing AI-driven efficiency. A study found that 60% of executives reduced headcount in anticipation of AI gains, while only 2% based reductions on actual results. Predictions suggest that many laid-off employees will be rehired, as firms realize the impact of their decisions. Legal recruiter Daniel Vahab noted that some employers acted out of fear of missing out on trends, leading to a scramble to fill roles after layoffs.
Read at Above the Law
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