How AI Is Forcing Headcount Reductions
There are many forces at work to eliminate jobs due to AI. First, your job is rendered obsolete. Second, roles are being replaced by AI across multiple workers, resulting in layoffs. Third, and the unseen cause, is capital displacement. Companies are spending capital at the expense of labor. This obviously cannot continue indefinitely, but in the meantime, it is weakens companies if those capital investments go sour.