The ‘AI boomerang’: Why some companies are rehiring employees they laid off due to AI

Managers are realizing the rapidly-evolving technology can’t completely replace humans after all, research suggests. AI-related layoffs have captured everyone’s attention lately. Last month, Meta laid off 10% of its workforce last month as it announced earlier this year that it would spend up to $135 billion on AI initiatives. Other companies like Cloudflare, Coinbase and PayPal have also cut or plan to lay off employees as they become “AI native.”