Part 3/12:
However, the reality may be less about AI and more about a strategic course correction following years of overexpansion. During the pandemic, many companies overhired—fueling growth based on optimistic projections that consumer behavior would remain consistently high. Now, faced with waning demand, rising costs, and economic uncertainties, they’re using AI as a convenient scapego. It’s a convenient excuse to justify layoffs that are primarily driven by the desire to maximize profits, reduce excess staff, and streamline operations.