India, Oct. 4 -- Paycom, an online payroll and human resource software provider based in Oklahoma City, has decided to lay off more than 500 of its employees to replace most of the positions with artificial intelligence, according to The Oklahoman. The company says the layoffs will solely affect back-office, non-client-facing positions.

Paycom made the announcement through a press release on Wednesday morning. As per The Oklahoman, this is the first major layoff in the company's history since its foundation in 1998. "The company continues to actively recruit and hire across sales, software, implementation and service roles," Paycom said in its release, as cited by The Oklahoman.

"The updates impact only non-client-facing roles that have...