Recent data reveals that as artificial intelligence (AI) falls short of anticipated performance levels, certain companies are opting to rehire employees they had previously laid off. According to a report provided to Axios by workplace analytics firm Visier, while businesses resorted to layoffs as a cost-cutting measure during periods of economic uncertainty, there has been a notable uptick in the trend of 'boomerang hires.' This term refers to the growing number of laid-off workers who are returning to their previous employers. Such a development suggests that automation technology has not yet succeeded in fully replacing human labor to the extent that business leaders had initially envisioned.
