In short, no. Laser hair removal works by heating the hair follicles to stop new hairs from growing. This puts the hair follicles in a state of dormancy for a long period of time — much longer than with shaving and waxing. When the hairs do grow back, they’ll be lighter, finer, and fewer in number.
Although the procedure is often touted as a form of “permanent” hair removal, laser treatment only reduces the number of unwanted hairs in a given area. It doesn’t get rid of unwanted hairs completely.