This type of command is usually used to copy the structure of one table to another. In this case, EMPL_DEMO will have the same column structure of employees, except for the keys or constraints.
The 1=2 always evaluates to False which prevents you from copying any of the rows.
CREATE TABLE EMPL_DEMO AS SELECT * FROM employees WHERE 1=2; //just structure not data
CREATE TABLE EMPL_DEMO AS SELECT * FROM employees WHERE 1=1; //ststructure and data
Better understanding in the Teradata Database:
CREATE TABLE EMPL_DEMO AS Memployees with no data; //structure
CREATE TABLE EMPL_DEMO AS Memployees with data; //structure and data