Obviously, such impact wouldn’t be instantaneous, but I’ve wondered how companies are thinking about this in terms of headcount planning.
From conversations with friends it seems that a common approach is attrition with non-replacement. Companies are using ChatGPT and similar tools to increase productivity, but don’t want to fire a lot of people due to the negative impact on morale on those that remain—and the fact, I assume, it’s not yet clear how much of a productivity gain will occur where, so they don’t even know exactly who to fire yet.
I was wondering what others on HN are seeing. How are your companies approaching this? Is attrition with non-replacement a common strategy? If so, what might that mean for the future job market and unemployment rate?