This figure displays quarterly counts of AI-related investment and layoff events among publicly traded firms. Blue indicates investment events; red indicates layoff events.
Layoff — CAR[−1,+1]
Distribution of Cumulative Abnormal Returns (three-day window)
Cumulative Abnormal Returns (CARs) for a three-day window surrounding the layoff announcement. The solid curve is the fitted normal distribution.
Layoff — CAR[−3,+3]
Distribution of Cumulative Abnormal Returns (seven-day window)
Cumulative Abnormal Returns (CARs) for a seven-day window surrounding the layoff announcement. The solid curve is the fitted normal distribution.