pandemic hiring
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AI Layoffs: Real Cause or Convenient Excuse? What the Data on Pandemic-Era Overstaffing Actually Shows
AI was cited in 40 percent of US layoff announcements in May 2026. The Federal Reserve says only 1 percent of services firms actually laid off because of AI. Oxford Economics puts the true share at 4.5 percent. Marc Andreessen calls AI the silver bullet excuse for a pandemic overstaffing correction. An economic analysis of… Continue reading