Is AI mostly a margin story so far?

Feels like a lot of the AI talk in companies is really about headcount and margin, not product quality. I keep seeing leadership pitch it as “more output,” but the day-to-day version is usually fewer hires, more pressure, and a vague promise that the tools will somehow absorb the mess.

Has anyone actually seen AI adoption lead to a cleaner org chart or better margins without just loading more risk onto the same people?