AI layoffs are looking more and more like corporate fiction that’s masking a darker reality, Oxford Economics suggests

Despite breathless headlines warning of a robot takeover in the workforce, a new research briefing from Oxford Economics casts doubt on the narrative that artificial intelligence is currently causing mass unemployment. According to the firm’s analysis, “firms don’t appear to be replacing workers with AI on a significant scale,” suggesting instead that companies may be using the technology as a cover for routine headcount reductions.

In a January 7 report, the research firm argued that...