Companies that expected great results from artificial intelligence (AI) technologies are now rehiring employees who were previously laid off. This was reported by Zamin.uz.
This is reported by TechSpot. Research conducted by the Visier analytics center analyzed data from 2.4 million workers worldwide.
According to the research results, some companies have started rehiring employees who were previously laid off. The data shows that approximately 5.3 percent of those laid off have returned to their jobs.
This situation indicates that artificial intelligence technologies have not yet fully occupied the expected number of jobs. Usually, automation only automates certain parts of the work process, but there is still a need for the human factor for other tasks.
The process of implementing artificial intelligence is complex and requires significant infrastructure, security, and data-related expenses. Incorrect calculations in some cases force companies to rehire specialists.
According to research conducted by MIT, 95 percent of companies have not received the expected financial benefits from investments in AI technologies. Interactive broker strategist Steve Sosnik believes that such expenditures are often unreasonable.
Additionally, according to Orgvue analyses, layoff processes require companies to spend $1.27 for every $1 saved. These expenses include compensations, insurance, and other additional costs.
