I can see why publicly proclaiming that you’re being innovative with new technology to reduce your headcount is a better alternative to admitting your firm isn’t doing well or to publicly blaming US policy. It might not be the whole truth, though. Usually, when there are large layoffs, the truth is a questionable idea anyway. AI just created another way to stretch it. In this case, Baker McKenzie may see a path in which new technology reduces the need for 10% of its staff. They may also be using that excuse to cover up failure, too. 

Either way, 700 people are out of a job, and it’s become so routine that I fear it no longer raises an eyebrow. That’s the truly scary part.