AI Replacing Humans Backfires? Why Some Companies Are Rehiring Workers After Layoffs (AI-generated Image)
\n\nAs per a November 9 report by Fortune, citing research by SHL, 19.1 percent of surveyed US workers said they had been replaced by AI and were thereafter asked to return to their jobs. In fact as per the report across the US and the UK, the figure stood at 16 percent. SHL described this as 'AI rebounding'- The findings highlight the potential challenge for employers-while AI can automate some tasks, it may not always be able to recreate the experience, judgement and expertise needed to perform a job.
\n\nEconomist and Founder of Nikore Associates, Mitali Nikore told Times Now Digital, "what we are beginning to see in the US and UK is also playing out in India. The wave of layoffs by American and British companies has had a ripple effect on their Indian operations, particularly in back-office roles. The GCC model is India’s competitive advantage & it is evolving. Indian workers are now contributing significantly more value to global operations, making their roles harder to replace through automation alone. The real question is how we prepare our workforce for this transition. Both companies and…
Original source: https://www.timesnownews.com/business-economy
