Businesses Cut Costs with AI, Avoiding Layoffs
Update: 2025-11-27
Description
Businesses are adopting creative cost-cutting measures, such as freezing hires, using AI for entry-level tasks, and adjusting work hours, instead of widespread layoffs. This trend, dubbed a low-hire, low-fire economy, is noted in the Federal Reserves Beige Book report. While consumer spending remains uncertain, the outlook for 2026 is optimistic, with potential job market growth and a dip in unemployment rate.
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