Same. I guess those who weren't laid off have to work harder to make up for the reduced work capacity and to give credibility to their managers' narrative that efficiency has improved by x%. This doesn't mean that all the work they do adds any value to the economy. A lot of bullshit jobs are VERY demanding.

A game of whac-a-mole can keep people REALLY busy too. You can measure that they're hitting more moles per minute and call that 'increased productivity', but whether or not hitting moles with a hammer is useful is a separate question.

Also, there are questions of short term gains vs long term gains. It's relatively easy to trade away long term gains to obtain short term gains. The incentive structure of our system is predicated on it.